Ripple, led by Brad Garlinghouse, has clarified its position regarding 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 Stance on Linqto Shares
Garlinghouse confirmed that the 4.7 million shares held by Linqto were only acquired through secondary market transactions with other Ripple shareholders. He stated, "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)." Ripple halted all transactions related to Linqto over two years ago due to platform concerns, reaffirming its commitment to transparency.
Investor Concerns and Market Outlook
Investor anxiety is rising as Linqto holds Ripple shares during bankruptcy proceedings. Over 14,000 Linqto users are facing account freezes, while Ripple finds itself unaffected by any interference concerning the XRP token. This clearly delineates the separation between Ripple equity and public assets.
Ripple's Isolation from Linqto's Legal Risks
Ripple remains clear of Linqto's legal challenges, with no direct repercussions for XRP or related crypto tokens. Regulatory focus is solely on Linqto's business practices. The community finds reassurance in Ripple’s strategic equity actions and strong positioning.
Ripple's strong valuation fosters market optimism, despite Linqto's legal troubles. Linqto's issues remain confined to shares rather than digital tokens.
