- Brad Garlinghouse got an XRP tattoo after turning 50 and declared a 1,000% commitment to the project.
- Ripple is ending its legal battle with the SEC and focusing on building technology instead of fighting in court.
- XRP network activity has increased significantly with higher transaction volumes and new technical upgrades.
Ripple CEO Brad Garlinghouse has reinforced his unwavering dedication to XRP through a public display of commitment that has captured the cryptocurrency community’s attention. The executive recently declared “1,000%” commitment to the digital asset, pointing to his XRP tattoo as physical proof of his long-term vision for the project.
The tattoo controversy emerged when Digital Asset Investor, a prominent cryptocurrency commentator, noted the significance of Garlinghouse’s decision to get permanent body art after age 50. The pseudonymous analyst suggested that someone with a Harvard MBA who chooses to get a tattoo at this stage of life has thoroughly considered the implications.
The tattoo features the date “07-13-2023,” commemorating the day XRP received a groundbreaking non-security ruling from a U.S. court. This legal victory marked a turning point in Ripple’s prolonged battle with the Securities and Exchange Commission.
Legal Chapter Closes as Focus Shifts to Development
The ongoing litigation between Ripple and the SEC has concluded. Garlinghouse has announced that the company will not challenge recent court decisions regarding institutional XRP sales; instead, it will concentrate resources on platform development.
“We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value,” Garlinghouse stated in recent communications. This strategic pivot represents a significant shift from years of legal battles that have dominated Ripple’s corporate narrative.
The company has dropped its cross-appeal against the SEC, bringing the XRP lawsuit closer to final resolution. While an injunction remains on institutional XRP sales, Ripple may explore compliant alternatives for future institutional transactions.
Network Metrics Show Promising Growth Trajectory
Recent data indicates substantial improvements in XRP’s network fundamentals. Trading volume has surged significantly amid growing ETF speculation and increased network activity. The cryptocurrency has demonstrated resilience despite regulatory uncertainties that have persisted throughout the legal proceedings.
XRP futures contracts launched on the Chicago Mercantile Exchange with over $19 million in trading volume on their first day, signalling institutional interest in the asset. This development has fueled speculation about potential XRP exchange-traded fund approvals in the coming months.
The XRP Ledger has also received technical upgrades that enhance its competitive position. The latest software update, version 2.5.0, introduces features designed to compete directly with established platforms like Ethereum and Solana.
XRP maintains significant technical advantages, including 4-second transaction speeds compared to Bitcoin’s 10-minute processing time. The network can handle 1,500 transactions per second, substantially outperforming Bitcoin’s capacity of approximately 2.5 transactions per second.
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