Ripple CEO says that America remains behind other countries when introducing crypto

Brad Garlinghouse – Chief Executive Officer von Ripple – glaubt, dass die USA aufgrund regulatorischer Unsicherheit bereits hinter anderen Nationen in Krypto zurückbleiben. Er verglich das Potenzial der Technologie mit dem Internet und hob Amerikas Entscheidung hervor, es in den 1990er Jahren zu nutzen, obwohl seine Vorzüge damals relativ unbekannt waren. Die USA holen jetzt auf In einer kürzlichen Interview für Bloomberg argumentierte Garlinghouse, dass Länder wie Australien, Japan, Singapur, Großbritannien und die Schweiz bereits umfassende Regeln für den Kryptowährungssektor auferlegt und damit Investoren und Unternehmer ermutigt hätten, auf ihrem Boden zu operieren: „Es gibt viele Länder, die sich Zeit …
Brad Garlinghouse - Chief Executive Officer from Ripple - believes that the United States will remain behind other nations in crypto due to regulatory uncertainty. He compared the potential of technology to the Internet and emphasized America's decision to use it in the 1990s, although his advantages were relatively unknown at the time. In a recent interview for Bloomberg, Garlinghouse argued that countries such as Australia, Japan, Singapore, Great Britain and Switzerland have already imposed comprehensive rules for the cryptocurrency sector and thus encouraged investors and entrepreneurs to operate on their ground: “There are many countries that ...
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Brad Garlinghouse-Chief Executive Officer from Ripple-believes that the United States is already behind other nations in crypto due to regulatory uncertainty.

He compared the potential of technology to the Internet and emphasized America's decision to use it in the 1990s, although his advantages were relatively unknown at the time.

The USA now get to

in a recent Interview For Bloomberg, Garlinghouse argued that countries such as Australia, Japan, Singapore, Great Britain and Switzerland have already comprehensive rules for the Cryptocurrency sector imposed and thus encouraged investors and entrepreneurs to operate on their ground:

"There are many countries that have taken time and thoughtful to create these clear traffic rules."

Brad Garlinghouse Brad Garlinghouse, CNBC

He advised the American government, in particular the SEC, to do the same and to stop talents abroad.

Garlinghouse named the early days of the Internet as an example and praised the USA for the fact that they have enacted adequate regulation at the end of the 1990s that made it possible for them to develop into the technology center that is today:

"Take a look at the geopolitical advantages for the United States: Amazons and Googles are based and headquarters in the USA."

He believes that the best regulatory framework for cryptography should mainly focus on consumer protection. At the same time, the SEC should stop acting like a "hammer" and considering everything as "nails", but realizing that not all assets are securities.

"This will not always be securities, some of them are used as currencies."

The Chairman of the SEC-Gary Gensler-recently confirmed his opinion that "everything except Bitcoin" is a security. As such, he insisted that all crypto transactions, with the exception of the transactions with BTC, should be monitored and supervised by the agency.

SEK-Ripple The case is resolved in the entire industry

The US security supervision, on the other hand, filed a lawsuit in 2020, in which the latter executives had illegally sold to investors without previously registering them as securities. Although the legal dispute has not yet been enclosed, Garlinghouse believes that its outcome will be "decisive" for the entire sector.

"The SEC collects the case against Ripple is not really the case of Ripple or via XRP, it is really about the industry and how the Sec will go on the offensive and attack the entire industry."

The CEO said that the way the regulatory authority is not to determine the rules by enforcing was not the right one. Instead, it should grow the technology and at the same time ensure maximum security for investors.

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Brad Garlinghouse – Chief Executive Officer von Ripple – glaubt, dass die USA aufgrund regulatorischer Unsicherheit bereits hinter anderen Nationen in Krypto zurückbleiben. Er verglich das Potenzial der Technologie mit dem Internet und hob Amerikas Entscheidung hervor, es in den 1990er Jahren zu nutzen, obwohl seine Vorzüge damals relativ unbekannt waren. Die USA holen jetzt auf In einer kürzlichen Interview für Bloomberg argumentierte Garlinghouse, dass Länder wie Australien, Japan, Singapur, Großbritannien und die Schweiz bereits umfassende Regeln für den Kryptowährungssektor auferlegt und damit Investoren und Unternehmer ermutigt hätten, auf ihrem Boden zu operieren: „Es gibt viele Länder, die sich Zeit …
Brad Garlinghouse - Chief Executive Officer from Ripple - believes that the United States will remain behind other nations in crypto due to regulatory uncertainty. He compared the potential of technology to the Internet and emphasized America's decision to use it in the 1990s, although his advantages were relatively unknown at the time. In a recent interview for Bloomberg, Garlinghouse argued that countries such as Australia, Japan, Singapore, Great Britain and Switzerland have already imposed comprehensive rules for the cryptocurrency sector and thus encouraged investors and entrepreneurs to operate on their ground: “There are many countries that ...

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