The Ripple currency is among the largest cryptocurrencies present on the order of the total value of the currency.

However, the value of its XRP unit has not moved much recently and has remained almost stable between $0.25-0.31.

Mr. Brad Garlinghouse, CEO of Ripple recently stated that the lack of clarity from regulators in the US for the crypto market may be the reason why the price of Ripple from rising this year.

His answer was in response to a question: What is the reason for the delay of XRP and the price of Ripple currency remained low compared to the rest of the other cryptocurrencies?

The question was posed to him in a share that was broadcast on the “Channel” channel.Fox BusinessGarlinghouse’s answer was as follows:

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I think it is partly overdue, given that the US government clearly presented its vision on both Bitcoin and Ethereum but then they remained silent about the third most important and largest digital asset “XRP”.

Regulators have a difficult problem.

These are new technologies and I think there is work to be done there, but I think on a global level things are much more positive.

The UK government has been clear about its appointment of XRP as collateral.

The Japanese government was also clear, as was the Singaporean government.

So I think the overall trend line is very positive here but I think the United States can continue to spend some time on this and provide leadership.

On Ripple’s periodic sale of XRP units, he replied that the whole process was designed as a guarantee to ensure that the units were not sold at once.

He said that about three years ago we entered into escrow contracts (55 contracts), so we put 55 billion units of XRP into these escrow contracts.

So every month one of them becomes open and at the end of that month we put that back into the escrow.

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We don’t actually sell a billion to be clear, there is a billion released every month.

We did this because there is a perception that we own a lot of XRP and that will inevitably put pressure on the market.

It would not, of course, be in our self-interest, but this danger was present by default.

We have decided to delete this as a community concern as we will lock them up in contracts and they will be signed in an encrypted way so we can’t sell them.

There are about 100 billion units of XRP generated, and there will never be more than that.

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