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Garlinghouse has been executive director of several companies specialized in technology.
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He served as Senior Vice President in Yahoo! From 2003 to 2008.
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He was president of AOL applications from 2009 to 2011.
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Garlinghouse began to be part of Ripple in 2015 and, currently, is his CEO.
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In 2020 he faced several accusations made by the SEC.
Brad Garlinghouse es an American executive known mainly for being the CEO of Ripple, A company specialized in financial technology that has its own cryptocurrency: XRP. Garlinghouse has also held other important positions in successful companies, such as Yahoo!, Aol and Dialpad, which has allowed him to cultivate a fruitful career in the world of technological innovations. At present, it is considered one of the richest men in the United States.
Where was born what Brad Garlinghouse dedicated to?
Bradley Kent Garlinghouse was born on February 4, 1971 in Kansas. According to the businessman, his interest in technology began when his father brought home the TRS 80 computer, also known as «Trash-80.»
It is known that he obtained a degree in Economics at the University of Kansas and an MBA at the Harvard Business School. Once his studies were completed, he worked at @Home Network, an Internet service provider that worked from 1996 to 2002.
Then, Garlinghouse worked in @ventures, an American company that provides supply chains to software companies, to later perform as CEO in Dialpad, a videoconference system, from 2000 to 2001. Then, he held the position of senior vice president in the famous Yahoo! From 2003 to 2008.
What did Brad Garlinghouse in Yahoo!?
In Yahoo! Garlinghouse directed the HomePage divisions, Yahoo! Mail, Yahoo! Messenger and Flickr. As a curious fact, during his stay in that work, he wrote a memorandum known as the “Manifesto of the peanut butter”, in which he asked the company to focus on the main business, instead of extending both, as well as the peanut butter.
A couple of years later, Brad served as a senior advisor at Silver Lake Partners, a private capital firm focused on technology. Then, he became president of applications in AOL from 2009 to 2011.
Soon, Garlinghouse joined the Board of Directors of Animoto, a startup that offers videos creation services. He was also part of the Hightaail company as executive director until 2014, when he disagreed with the Board of Directors with respect to the company’s approach and future.
What is known about the private life of Brad Garlinghouse?
As often happens with most important personalities in the crypto world, Garlinghouse is quite reserved with his private life. It is known that it is an avid investor in Startups and that a marathon has been publicly committed to run; We also know that he is married to Kristen Elizabeth Mautner, with whom he has three children.
When was Brad Garlinghouse to Ripple and what has been his role?
Garlinghouse began to be part of Ripple as operations director in 2015, where he worked hand in hand with the then executive and co -founder director Chris Larsen. Quickly, in 2016 he was promoted to Executive Director.
For many, Brad Garlinghouse has played a crucial role in the growth and development of Ripple as CEO since 2017. Under his leadership, Ripple has positioned himself as one of the main actors in the cryptocurrency industry and payment solutions through the use of the block chain system.
Garlinghouse, for example, has led the expansion of Ripplenet, a global payments that connects banks, financial institutions and payment suppliers. Also, although Ripple and XRP are separate entities, Brad has promoted the use of XRP as an efficient digital asset for cross -border liquidations, highlighting its speed and low cost compared to traditional alternatives such as Swift.
On the other hand, under his leadership, Ripple has forged alliances with large financial institutions, including Santander, American Express and SBI Holdings. These associations have promoted the adoption of their technology in key markets.
What are Garlinghouse’s personal investments?
Brad Garlinghouse is known for his numerous personal investments, which have been focused mainly on technological and cryptocurrency startups. Although it has not been revealed exactly how many cryptocurrencies the investor has, it is known that it has a significant amount of XRP, given its role as CEO of Ripple; It has also been mentioned that its portfolio includes Bitcoin and Ethereum.
If we talk about your investments in startups, we can mention Pureage, a data storage company that specializes in storage flash. As a curious fact, Garlinghouse was one of his first investors.
There is also Diffbot, an artificial intelligence company that focuses on extracting web information; Indigo Agriculture, a company that uses microbiology to improve agriculture and Wonolo, which is a work platform on demand that connects workers with companies for temporary work.
On the other hand, Garlinghouse also invested in the postmates company before it was acquired by Uber (it is a fast food delivery platform and other goods). The truth is that these are just some of its investments, because it is believed that it has invested in more than 20 companies.
What were the main accusations of the SEC against Brad Garlinghouse?
In December 2020, the SEC (United States Bags and Securities Commission) claimed that Ripple Labs, together with Garlinghouse and Chris Larsen, made a continuous and unregistered offer of values in the XRP sales form. According to the SEC, XRP should be considered a «value» under the laws of the United States, and the sale of XRP without registration violated the 1933 Securities Law.
On the other hand, Garlinghouse was accused of personally sell approximately 321 million dollars in XRP in unregistered transactions. The SEC said that Garlinghouse took advantage of his position in Ripple to obtain significant profits while the XRP market was still growing.
Also, according to the SEC, Ripple and Garlinghouse promoted XRP as an asset that had a functional purpose within the Ripplenet ecosystem and most of Ripple’s income came from the sale of XRP. This, according to the demand, was misleading for investors, since Ripple depended on these sales to finance their operations.
Given this circumstance, Garlinghouse y Ripple They argued that XRP is not a value according to the definition of Howey’s test, which is the legal standard in the United States to determine what constitutes a value. Rather, CEO stressed that XRP is a digital currency and that most XRP transactions occur in secondary markets, not through direct sales of Ripple.
On the other hand, Garlinghouse used the use of public platforms such as Twitter (now X) and media interviews to communicate his position, defending the integrity of Ripple and criticizing the action of the SEC as a case of «regulation per litigation.»
What do Brad Garlinghouse think about the regulation of cryptocurrencies?
Garlinghouse has been a strong defender of The need for clearer and more specific regulation for cryptocurrencies. He has argued that the lack of regulatory clarity in the United States is braking innovation and pushing cryptocurrency companies to look for more friendly jurisdictions.
In turn, it has been very critical of the SEC and its regulation approach per application, especially in the context of the demand that the SEC filed against Ripple, claiming that XRP is an unregistered value. Garlinghouse has described this approach as «regulation per litigation», suggesting that the SEC should provide clearer guidelines instead of chasing individual companies.
Defend what he calls «intelligent regulation», which means regulations that foster innovation, protect consumers and investors, and that are applicable to the unique nature of cryptocurrencies. He has indicated examples of regulations in other countries that, according to him, have achieved a more appropriate balance.