Ripple’s Stance on Linqto Shares

Brad Garlinghouse has clarified Ripple’s stance on the 4.7 million shares owned by Linqto amid ongoing regulatory scrutiny. The shares were purchased from secondary markets, not directly from Ripple.

Ripple’s clarification eliminates doubts about its connection to Linqto, emphasizing its shares were acquired in secondary markets. The firm reiterates no direct link to the SEC and DOJ investigations into Linqto.

Ripple’s Stance on Linqto Shares

Ripple’s CEO Brad Garlinghouse stated that Linqto’s 4.7 million Ripple shares stemmed from secondary market deals. “What we know from our records is Linqto owns 4.7M shares of Ripple, solely purchased on the secondary market from other Ripple shareholders (never directly from Ripple),” Garlinghouse said. Ripple halted Linqto-related transactions over two years ago due to platform concerns, affirming Ripple’s dedication to transparency.

Linqto’s acquisition of Ripple shares involved only secondary markets. Ripple’s recent $700 million buyback highlights market confidence. The company’s operations exclude any connection to Linqto’s current legal challenges.

Investor Concerns and Market Outlook

Investor anxiety grows as Linqto holds Ripple shares during bankruptcy. Over 14,000 Linqto users face account freezes, with Ripple unaffected by XRP token interference. This draws a clear line between Ripple equity and public assets.

Ripple stands clear of Linqto’s legal troubles with no direct repercussions for XRP or related crypto tokens. Regulatory focus is solely on Linqto’s practices. Community takes comfort in Ripple’s strategic equity actions and robust position.

Ripple’s robust valuation invites market optimism despite Linqto’s legal predicament. Linqto mishaps remain isolated to shares rather than digital tokens.

updates on recent company strategies, reassuring investors of the company’s financial activities and confidence in its long-term growth.