Ripple CEO Clarifies XRP’s Identity and Governance in On-Stage Interview

Ripple CEO Brad Garlinghouse addressed persistent misunderstandings about the company and its relationship with XRP in a recent interview. The CEO clarified that Ripple is a privately funded company, issuing stock shares considered securities, while XRP itself represents an open-source technology. He emphasized the distinction between the two. Garlinghouse stressed that Ripple doesn’t control the XRP ledger or dictate its direction. This decentralized network operates with community governance rules, requiring consensus for any amendments. Garlinghouse acknowledged his role as CEO of Ripple but also stated that it is not in charge of XRP, and it lacks the authority to make unilateral decisions about the technology. The interview highlighted the importance of understanding decentralized technologies and how they operate independently from companies using them.