XRP's legal counsel, John Deaton, asserts that Ripple's CEO, Brad Garlinghouse, could be considered the 'Steve Jobs' of the cryptocurrency industry. This statement was made as a direct response to an online discussion where Deaton praised Garlinghouse alongside Coinbase's CEO, Brian Armstrong, as visionaries in the field.
Deaton emphasizes the leadership roles of Garlinghouse and Armstrong, both of whom are pioneers in legal and regulatory matters. He notes that their contributions have shaped the ongoing regulatory dialogue in the United States. Later, Deaton invited Robinhood CEO Vlad Tenev to join the conversation, acknowledging that he should have been invited earlier.
The Relationship Between Deaton and Ripple's Leadership
The connection between Deaton and Ripple has deepened in the SEC's lawsuit against the company. Deaton submitted an amicus brief representing XRP holders, voicing support for the community. In return, Garlinghouse supported Deaton's political campaign against Senator Elizabeth Warren, while Coinbase CEO Armstrong also publicly endorsed him.
Ripple and Coinbase remain at the center of the discussion about regulatory transparency in the United States. Both companies face legal scrutiny from federal agencies while continuing to advocate for the importance of clearly defined cryptocurrency policies. Their leadership has taken a strong stance on compliance and innovation, leading industry-wide efforts to build a clearer framework.
Different Perspectives on Ripple's Market Performance
Despite being highly regarded, Ripple's performance has sparked much controversy within the community. Other trade experts argue that Ripple does not fit the product market, contending that the organization has yet to establish a consistent product that can serve institutional or individual customers. However, Ripple continues to develop its payment infrastructure and recently announced that it is promoting the re-deployment of the global remittance industry with the stablecoin RLUSD.
