Why Ripple CEO Brad Garlinghouse is against Coinbase's apolitical stance

Published on by Cryptoslate | Published on

Ripple CEO Brad Garlinghouse is not convinced with crypto exchange Coinbase's decision to take an apolitical stance within the workspace, he said in a recent interview with CNBC.Tech firms have an "Obligation".

Coinbase CEO Brian Amstrong caused ripples earlier this year after stating the firm was an apolitical organization and did not support any political discussion in the workspace.

"[The firm] won't debate causes or political candidates internally or engage with issues that are unrelated to our core mission.

He told CNBC that tech companies have an "Obligation" to work toward solving issues and discussing sensitive matters that affect society.

A spokesperson added that Ripple promotes corporate activism and is offering employees paid time off to vote and volunteer in the upcoming presidential election.

Ripple's own political issuesand a possible relocation.

Political stir-ups via tech platforms have been a recurrent issue in recent times.

These include social media giants like Facebook and YouTube, which have been allegedly held in the past over the manipulation of high-stakes elections and various other political discourse.

Ripple has been affected in such matters as well, with Garlinghouse stating the company was taking YouTube to court over allegations that Google's video-sharing service failed to protect consumers from "Giveaway" scams using fake profiles to bait viewers into sending thousands of dollars in XRP. "We didn't need to do that, it doesn't help Ripple," said Garlinghouse.

At Facebook CEO Mark Zuckerberg's Senate testimony, Republican congressman Ted Budd of North Carolina said that Bitcoin, Ethereum, and XRP are actual cryptocurrencies, while Libra isn't.

x