Tech Firms Have an ‘Obligation' to Solve Societal Issues, says Ripple CEO Criticizing Coinbase’s ‘Apolitical' Mission

As a matter of fact, Brad Garlinghouse says some of these problems are “exacerbated” by the tech platforms.

Ripple CEO Brad Garlinghouse rejects the apolitical stance taken by Coinbase and has no plan to follow it.

Last month, Coinbase CEO Brian Armstrong wrote a blog post where talking politics is banned in the company. US-based cryptocurrency exchange’s policy to not “debate causes or political candidates internally” or engage with issues that aren’t related to its core mission crypto caused quite a stir.

Many of its employees (5% workforce) took the severance package offered to those wanting to quit the firm over its mission and left the company.

Twitter CEO Jack Dorsey opposed the decision at that time. Now, Garlinghouse has shared his displeasure while Ripple offers employees paid time off to vote and volunteer in the upcoming presidential election.

“The sad reality is — and I say this as a long-time veteran of Silicon Valley — some of these (societal) problems are, at a minimum, exacerbated by the tech platforms themselves,” Garlinghouse said.

As has been seen, the manipulation of elections and political discourse on the biggest online platforms like Facebook, Twitter, and YouTube.

Brad Garlinghouse also shared that Ripple is taking YouTube to court over Google's video-sharing platform, failing to protect users from “giveaway” scams.

“We didn’t need to do that; it doesn’t help Ripple,” he said. “But what it highlights is that platforms need to take ownership of the problems they are contributing to.”

Garlinghouse’s comments on Coinbase’s mission came soon after he said the company, which has a $10 billion valuation, is considering relocating overseas with Japan, Singapore, Switzerland, the UK, and UAE potential candidates due to lack of regulatory clarity in the US regarding its digital asset XRP.

“Ripple was once a darling of Silicon Valley & raised tons of capital from US investors. It's pretty shocking to see them consider fleeing the country now. This isn't a move any company takes lightly. I wonder what this says about the state of their relationship with the SEC….” said Jake Chervinksy, General Counsel at Compound Fiance, about this development.

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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