{"id":10537,"date":"2025-01-30T16:34:01","date_gmt":"2025-01-30T16:34:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10537"},"modified":"2025-01-30T16:34:01","modified_gmt":"2025-01-30T16:34:01","slug":"ripple-ceo-garlinghouse-accused-of-corruption-by-swan-co-founder","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10537","title":{"rendered":"Ripple CEO Garlinghouse Accused Of Corruption By Swan Co-Founder"},"content":{"rendered":"
\n

Brady Swenson, co-founder of the Bitcoin-focused financial services platform Swan, unleashed a series of accusations against Ripple CEO Brad Garlinghouse on January 29 via X. Swenson began with an unequivocal statement\u2014\u201cCorrupt Brad \u2026 No, Brad Garlinghouse is not a man of integrity. His actions over the years show a pattern of misleading investors, pushing exaggerated narratives, and profiting at others\u2019 expense.\u201d<\/p>\n

Ripple CEO Faces \u2018Corrupt\u2019 Claim from Swan Co-Founder<\/h2>\n

He first highlighted<\/a> the issue of insider dumping. In his words, \u201cRipple executives, including Garlinghouse, dumped billions of XRP on retail investors\u201d while simultaneously promoting optimistic forecasts for the token\u2019s potential. Swenson characterizes these actions as \u201cclassic pump-and-dump behavior,\u201d suggesting that such sales were timed to capitalize on Ripple\u2019s own marketing efforts.<\/p>\n

Swenson went on to discuss what he terms \u201cfalse adoption claims,\u201d pointing to the company\u2019s repeated suggestions that major banks were actively using XRP. He argues that in most cases, financial institutions merely utilized RippleNet\u2019s payments infrastructure and did not actually adopt XRP, saying that \u201cMisleading at best, deceptive at worst\u201d is how he views Ripple\u2019s portrayal of these relationships.<\/p>\n

He also touched upon the public narrative surrounding the SEC lawsuit, describing how Garlinghouse framed the regulatory action as a purely political move. According to Swenson, this approach deflects responsibility by rallying XRP holders in defense of Ripple and obscures the fact that the SEC specifically accused the company of selling unregistered securities. \u201cThe SEC sued Ripple for selling unregistered securities, and instead of taking responsibility, Garlinghouse framed it as a political attack to rally XRP holders behind him,\u201d he stated.<\/p>\n

Swenson\u2019s critique of Garlinghouse\u2019s position on decentralization is similarly incisive. He quotes Garlinghouse\u2019s repeated claims that XRP is decentralized, only to counter that \u201cRipple owns the majority of supply and can manipulate the market at will.\u201d For Swenson, this ownership structure contradicts the premise of true decentralization.<\/p>\n

In the same vein, he criticizes what he sees as an ongoing cycle of overpromising and underdelivering, asserting that Garlinghouse \u201chas spent years making bold claims about XRP\u2019s future that never materialize,\u201d while \u201che and other insiders cash out at retail\u2019s expense.\u201d<\/p>\n

Swenson\u2019s post comes after recent developments where President Donald Trump signed the first ever crypto executive order<\/a> to establish a \u201cnational digital asset stockpile.\u201d, aiming to position the US as the \u2018crypto capital of the planet\u2019. Amidst this backdrop, the crypto industry has been buzzing with anticipation and debate over what this could mean for various digital assets, including Bitcoin and XRP.<\/p>\n

Brad Garlinghouse, the CEO of Ripple, has been notably active in the background, engaging in lobbying efforts<\/a> to ensure that XRP is considered within the framework of this strategic reserve. This financial backing has led to critics questioning the integrity and motives behind these moves, with some accusing Garlinghouse and Ripple of leveraging their influence to gain favor for XRP in government initiatives.<\/p>\n

Garlinghouse has countered these criticisms by asserting that Ripple\u2019s lobbying efforts are not against the spirit of a Bitcoin-centric reserve but are instead aimed at enhancing the likelihood of a broader crypto strategic reserve that includes Bitcoin. He argues that Ripple\u2019s activities align with Trump\u2019s campaign promise to bolster American technology companies, suggesting that their lobbying could foster a more inclusive environment for digital currencies within national policy.<\/p>\n

However, this has sparked a debate<\/a> within the crypto community, with Bitcoin maximalists like Pierre Rochard and Ryan Selkis viewing Ripple\u2019s actions as an obstacle to a purely Bitcoin-focused reserve. They argue that Bitcoin, due to its decentralized nature and energy-adjacent commodity status, should be the primary focus of any strategic reserve, while XRP\u2019s centralization and Ripple\u2019s control over its supply present concerns.<\/p>\n

Garlinghouse has not yet issued any direct response or comment on Swenson\u2019s latest accusations.<\/p>\n

At press time, XRP traded at $3.10.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Brady Swenson, co-founder of the Bitcoin-focused financial services platform Swan, unleashed a series of accusations against Ripple CEO Brad Garlinghouse on January 29 via X. Swenson began with an unequivocal statement\u2014\u201cCorrupt Brad \u2026 No, Brad Garlinghouse is not a man of integrity. His actions over the years show a pattern of misleading investors, pushing exaggerated […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10537","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10537"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10537\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}