In an interview with CNN, Brad Garlinghouse, the CEO of Ripple, said the XRP could be extinguished if Ripple loses the lawsuit against the US Securities and Exchange Commission (SEC).

Garlinhouse classified the situation as an alternative to solving the problem.

The XRP situation is complex, and it is strange to the developers of the Ripple protocol, since American regulators have already classified other crypto assets as not being titles.

Bitcoin, Ethereum and Litecoin are not considered to be bonds, for example.

The XRP token, on the other hand, is going through this imbroglio.

Garlinghouse went so far as to say that stablecoins and DeFi protocols are threatened, and that Bitcoin "is not going anywhere".

Even the CEO of Ripple said that XRP is “100,000 times more efficient per transaction”, and so it would be superior to Bitcoin in this regard.

And if Ripple happens to lose the SEC's lawsuit, the company should create a copy of the blockchain and keep the existing balances.

To this end, a side chain should be created for the sale of the company's assets, and a new name for the asset will also appear.