Ripple CEO Makes Fun Of Coinbase CEO’s Speech
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October 27, 2022 10:10 pm
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Recently, the CEO of Coinbase, Brian Armstrong, stated in an interview that he wanted more cooperation between crypto projects instead of the tribalism that exists in the industry.
Ripple CEO Brad Garlinghouse responded to that statement with ridicule as it seemed as if Armstrong was campaigning against tribalism while being a supporter of it at the same time.
In a sense, the statement would be considered hypocritical and Garlinghouse used an old popular brand called the “Anti Social Social Club” as a reference to prove this point.
Trending: Ripple Spells Out Penalty Terms To SEC
Much of the crypto community also supported Garlinghouse’s response to the Coinbase CEO.
🤝 https://t.co/lEQpySMqTf pic.twitter.com/upA1pbDfWw
— Brad Garlinghouse (@bgarlinghouse) October 27, 2022
U.today reports:
In response to his statement, the Coinbase co-founder and CEO received a dose of ridicule from Ripple’s head, Brad Garlinghouse.
According to Garlinghouse, Armstrong is campaigning against tribalism, while being a supporter of it. In his outburst, the CEO of Ripple resorted to the once-popular brand “Anti Social Social Club” as a reference.
Interestingly, following XRP’s delisting from Coinbase in 2021, Armstrong spoke out in favor of Ripple in its SEC litigation, despite previously being considered a XRP hater.
Nevertheless, it seems that recent news of a looming fight between the SEC and CFTC over Ethereum’s status and Armstrong’s public statement about the unacceptability of pressure on ETH did get to the head of Ripple.
Brad Garlinghouse posted on his Twitter to display his own version of the old popular brand but this time changed it to “Anti Tribalism Tribalism Club.”
As of today, XRP is still delisted from Coinbase following the SEC lawsuit against Ripple where it accused XRP to be considered a security.
At the same time, however, many see Ethereum to have the same status of XRP but have criticized Ethereum to receive special treatment from the SEC.
Whether or not this is directly tied to the former SEC chief William Hinman is being debated now and recent developments in the case should make this clear soon.
“I want the whole industry to collaborate more” 🤝@brian_armstrong & @apompliano discuss crypto tribalism and collaboration in this episode of Around the Block.
🎧 https://t.co/AuEAdUrGAU pic.twitter.com/Tqu3buQD9n
— Coinbase (@coinbase) October 26, 2022
U.today concludes:
What makes this battle particularly spicy is the fact that the Ethereum and XRP communities are in a high-level standoff.
Some believe Ethereum was lobbied by former SEC chief William Hinman, which should become clear soon given recent developments in the case.
Others, represented directly by Ethereum founder Vitalik Buterin, believe that XRP lacked “protection” from the regulator’s tentacles.
At the time of writing, the price of XRP currently stands at 47 cents which is quite the recovery compared to its price during the summer.
This is just lip service from @brian_armstrong and @APompliano . They claim they don't like tribalism, yet they shun XRP and Coinbase caves to SEC and de-lists XRP, while a much smaller exchange with real balls (Uphold) continues to list XRP.
— Yassin Mobarak (@Dizer_YM) October 27, 2022
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