Ripple CTO Charges New Employees From Metaco, Encourages Solidarity Against Regulatory Pressure

Ripple’s CTO, David Schwartz, shared a motivational talk on Twitter for onboarding new employees. These new employees are joining from a tokenization firm, Metaco, based in Switzerland.

Ripple acquired Metaco last month hence the need for the onboarding exercise. Notably, Ripple has continued making progressive strides in the crypto community despite the ongoing Case with the SEC. 

David Schwartz Welcomes New Members To The Ripple Labs Network

Today June 12, Ripple’s CTO, David Schwartz, warmly welcomed the new team members joining the network from Metaco. The executive stated in a screenshot he shared on Twitter that motivating all the new Ripple employees is a privilege. 

Also, he stated on a lighter note that if anyone had last-minute additions, they were welcome to share their ideas. Schwartz asked rhetorical questions prompting the employees to ask themselves how long they have aspired for greatness. 

He stated that the struggle for greatness is a lifetime and never-ending struggle. Also, he believes that despite the regulatory pressure, it is a privilege to stand united with other outstanding crypto projects to pursue victory. However, Schwarz added a disclaimer that his welcome address is for humor and not factual ideas.

SEC Chair Branded Tyrannical Regulator

Furthermore, Schwartz stated that the struggle is against one man, a tyrannical regulator who is betraying the population of his own country with his stubborn resolve.

However, he called on the employees to remember that they are warriors and must fight to secure a historic victory. The US Security and Exchange Commission’s (SEC) recent activities in the crypto space have left many thinking of war strategies.

Notably, the SEC sued Ripple Labs in 2020, branding the sale of XRP to investors as unregistered securities. However, Ripple is in court to prove beyond doubt that the SEC is making false allegations. The SEC also sued Coinbase and Binance in 2023, a move perceived by some pro-crypto groups to be an all-out regulatory war.

One notable criticism against the regulator is a lack of clearly defined rules for crypto players to follow. However, the SEC claims the rules exist, and most people deliberately ignore them. 

Ripple CEO Also Critical Of the SEC

On June 6, Ripple CEO Brad Garlinghouse stated on Twitter that if it wasn’t already clear, it should be clear by now that the SEC’s chair is anti-innovation contrary to his claims.

He also believes that the SEC is rolling out multiple lawsuits to exempt themselves from the FTX fallout. However, according to Garlinghouse, no one is fooled.

Also, according to a Cryptopolitan report, SEC Chairman Gary Gensler is facing accusations of market manipulation by Citadel Securities and Citadel Market Maker.

Gensler allegedly shorted (sold) crypto-focused stocks such as AMC Theaters and GameStop through Vanguard Group and Blackrock.  The allegations sparked reactions from the crypto community with calls for a forensic audit of the SEC chairman.