Ripple CEO responds to criticism of cryptocurrency market after FTX crash

According to Ripple CEO Brad Garlinghouse, criticism of the cryptocurrency market is very common.
Another trigger for opponents of the industry was the bankruptcy of the FTX exchange and the subsequent fall in the value of digital currencies. Politicians and businessmen as well as many social media users came down on the industry.
For some reason, the “fighters for justice” prefer to ignore the problems of the traditional financial market. Garlinghouse recalled that the Consumer Financial Protection Bureau (CEPF) recently ordered Wells Fargo, one of America’s largest banks, to pay more than $2 billion in compensation to customers and $1.7 billion in fines.

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