According to Ripple CEO Brad Garlinghouse, criticism of the cryptocurrency market is heard very often.
Another trigger for the industry's opponents was the bankruptcy of the FTX exchange and the subsequent fall in the value of digital currencies. The industry was attacked by both politicians and businessmen, as well as many users of social networks.
At the same time, for some reason, the "fighters for justice" prefer to avoid the problems of the traditional financial market. Garlinghouse recalled that the Consumer Protection Bureau (CEPF) recently ordered Wells Fargo, one of the largest American banks, to pay compensation to customers of more than $ 2 billion, as well as a fine of $1.7 billion.
According to this department, the financial giant for several years, unbeknownst to customers, was charging them commissions on car and housing loans, while people did not know anything. The number of affected Wells Fargo customers may reach 16 million.
The CEO of Ripple urged to treat all problems equally. They exist both in the cryptosphere and in the banking sector. Only regulation will ensure the safety of investors.
