Ripple CEO Says America Falls Behind Other Countries in Crypto Adoption
Garlinghouse believes countries like Australia, Japan, and Singapore have done the right thing by establishing clear crypto rules. Brad Garlinghouse – Chief Executive Officer of Ripple – thinks the US is already lagging behind other nations in crypto because of regulatory uncertainty.
Garlinghouse gave the early days of the Internet as an example, praising the US for setting a proper regulation in the late 1990s that allowed it to turn into the technology hub it is nowadays. He advised the American government, specifically the SEC, to do the same and cease the talent exodus offshore. The SEC’s Chairman – Gary Gensler – recently reiterated his opinion that “everything other than bitcoin” is a security. As such, he insisted that all crypto transactions, excluding those involving BTC, should be monitored and supervised by the agency. America’s securities watchdog launched a lawsuit against Ripple in 2020.
Source
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