Ripple Secures BitGo CEO's Support in Ongoing Lawsuit with SEC
Defining BitGo CEO’s Support for Ripple In a Twitter post , Belshe clarified that his support for Ripple’s victory in the lawsuit was not driven by personal affection for XRP but rather by a desire to bring about regulatory change. advertisement He expressed the belief that a favorable outcome for Ripple would pave the way for regulatory frameworks that foster innovation, just as Bitcoin (BTC) was allowed to develop without being stifled by regulatory burdens in its early stages. In his statement, BitGo CEO Mike Belshe drew a parallel between the early days of Bitcoin and the current situation with Ripple and XRP. Belshe pointed out that Bitcoin, despite its vision of decentralization, had a centralized aspect in its early years, similar to Ripple. Consequently, he suggested that if Bitcoin had been subjected to the same regulatory scrutiny as Ripple is facing now, it could have been labeled a “security”. Re...