Ripple CEO Brad Garlinghouse sold 357 million XRP, SEC records show

Brad Garlinghouse, CEO of Ripple , has long positioned himself as a strong advocate for XRP, frequently describing his stance on the digital asset as “very long” in public comments and interviews. Garlinghouse’s personal XRP sales became a significant point of discussion following disclosures from the US Securities and Exchange Commission (SEC) lawsuit against Ripple. The SEC’s amended complaint detailed that Garlinghouse sold in excess of 357 million XRP between April 2017 and October 2020, earning an estimated $159 million in proceeds during that period. According to court documents, Garlinghouse’s transactions were executed through cryptocurrency exchanges as well as market makers. His legal representatives did not contest the fact of these sales, which were confirmed by the July 2023 summary judgment.

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