Ripple CEO Brad Garlinghouse joins calls for US to embrace crypto
03/03 06:46
According to Beincrypto, Ripple CEO Brad Garlinghouse is the latest to speak out against the U.S. government’s war on crypto. Speaking to Bloomberg on March 2, the Ripple boss said that crypto and fintech were already leaving American shores, crypto moving offshore is not good for American innovation. He said that the Securities and Exchange Commission’s case with Ripple wasn’t really about XRP. It is about the industry and how the SEC is “playing offense” and attacking the whole industry. Garlinghouse added that not everyone understood this when the case began more than two years ago. However, with its recent war on crypto, it has become clear that the agency is against the entire industry. Furthermore, he acknowledged five recent SEC enforcement actions and stated: “This is not a healthy way to regulate an industry.” The Ripple executive said the U.S. was already behind countries such as Australia, the U.K., Japan, Singapore, and Switzerland. “There are a lot of countries that have taken the time and thoughtfulness to create clear rules of the road,” he added.
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