Name Suing Ripple Now Takes A Look At Ripple CEO's Former Company
New purchase from Jay Clayton's company!
Jay Clayton, who headed the US Securities and Exchange Commission at the time when #Ripple and #XRP were sued, now has an eye on an old company of Ripple.
🚨Revenge for XRP?
New Step From Jay Clayton's Company
SEC's former president, Jay Clayton, moved to New York-based investment firm Apollo Global Management after leaving this role. According to the information provided by The #Wall #Street #Journal, #Apollo #Global Management may purchase #Verizon's media resources for $ 5 billion in the upcoming dates.
With this deal, Apollo will be able to buy #Yahoo and #AOL, and at least part of its $ 9 billion bid for Verizon will be successful. Verizon, on the other hand, will continue to maintain 10% of its companies since the 1990s, and with a $ 6 billion deal, AOL and Yahoo's majority shares will be sold.
🚨Pro-XRP TechCrunch Changes Hands
The most important feature of AOL and Yahoo is that Ripple CEO Brad Garlinghouse is known to be the senior manager of both companies before. Apollo will also buy a majority stake in the popular media channel #TechCrunch. TechCrunch was founded by Michael Arrington, who previously made very positive statements about XRP and openly supports XRP. Now, with XRP, Ripple's biggest stronghold will be captured by the enemy Jay Clayton.
#Garlinghouse joined #Yahoo in 2003. Garlinghouse, known for the budget constraints he imposed during his six years of management, later joined AOL in 2009. After serving at AOL for a while, Garlinghouse switched to Ripple in 2015 and became CEO in 2016.
🚨Revenge for XRP?
Now, the SEC's direct purchase of a stake in TechCrunch, known for its pro-XRP statements and news, in addition to Ripple's two former companies, seems to be a major blow and revenge.
XRP price is trading at $ 1.56 as of the time of this writing