This is Ripple’s most important executive, according to the company’s CTO

TL;DR

Ripple CTO David Schwartz considers this co-founder the most important person in the company’s history for his first commitment, among other reasons. Attorney John E Deaton believes CEO Brad Garlinghouse has played a crucial role in the firm’s legal successes and should be labeled “CEO of the Decade” if the company goes public. Who is Ripple’s Most Valuable Member?

Ripple CTO David Schwartz recently allowed X users to shoot him with all kinds of questions. One person asked him who was the most important person in the history of Ripple, as he could only point to one of five options: Jed McCaleb (CTO of the company until 2013), Schwartz himself, Chris Larsen (Executive Chairman) , Brad Garlinghouse (CEO), or others.

The current CTO chose Larsen for his commitment to the idea when that “was hard to do.” He also admitted that the executive chairman “really believed” in Ripple’s potential “long before” he did.

Chris Larsen is one of the co-founders of Ripple Labs, the fintech company behind Ripple and the XRP Ledger. He served as the company’s CEO until 2016, when he hired Brad Garlinghouse to take the helm.

Larsen was dealt a blow in December 2020 when the US Securities and Exchange Commission (SEC) filed legal action against Ripple, Garlinghouse and himself. The regulator accused them of raising more than $1.3 billion through an unregistered securities offering by selling XRP.

However, the watchdog dropped charges against the executives in October 2023. This represented Ripple’s third partial court victory, which some say positioned the agency as the underdog in the demand

The court dispute has recently entered its trial phase, with both sides submitting the necessary documents and complying with the rules of the magistrates. Earlier this month, US Attorney Jeremy Hogan stated that the written stage was over, and now the entities must wait for the judge’s ruling.

Garlinghouse’s contribution to the advancement of Ripple

According to John E Deaton (a well-known American lawyer who supports thousands of XRP investors in the case against the SEC), Brad Garlinghouse should be put on a pedestal. He believes the CEO has played the biggest role in Ripple’s successes in the legal arena.

Deaton went further and suggested that Garlinghouse should be included in “the CEO of the decade list” if the company files for an initial public offering (IPO) in the coming years.

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