Ripple CEO Against Coinbase's 'Apolitical' Mission
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American fintech company Ripple has no plans on censoring its employees' political views, the company's head Brad Garlinghouse told CNBC in a recent interview.

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Ripple CEO Brad Garlinghouse believes tech companies have an "obligation" to work toward solving societal issues. Earlier in September, Coinbase's CEO Brian Armstrong said that the exchange is based on "an apolitical culture," which is why it will not engage with issues that are "unrelated" to its mission. Such a decision has already led to the layoff of 60 employees.

"We think about our mission as enabling an internet of value, but we seek positive outcomes for society. I think tech companies have an opportunity — but actually an obligation — to lean into being part of the solution," Garlinghouse said.

Garlinghouse says platforms should take ownership "of the problems they are contributing to."

YouTube Faces Lawsuit from Ripple

Meanwhile, Ripple is planning on leaving the United States in response to excessive regulation. According to Ripple's Executive Chairman Chris Larsen, the company is "increasingly frustrated" over a hostile attitude to the crypto market from the federal government, including the Securities and Exchange Commission (SEC).

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