Quick take
1 minute read
- Ripple has recently threatened to leave the country of the United States following what it believes was an extremely hostile atmosphere towards the overall space of blockchain & crypto.
- Chris Larsen has said that new regulations have continuously been an issue in getting across a clear message that cryptocurrency is clearly not welcome in the United States.
One of the biggest crypto projects in the industry based in San Francisco is the blockchain initiative ripple and they have recently threatened to leave the country of the United States following what it believes was an extremely hostile atmosphere towards the overall space of blockchain & crypto.
The executive chairman and co-founder of the project, Chris Larsen has said that despite the constant battle going on for regulatory compliance in the nation, new regulations have continuously been an issue in getting across a clear message that cryptocurrency is clearly not welcome in the United States.
Speaking during the LA blockchain summit live stream, the co-founder gave his views on concerns that are going with many crypto companies throughout the country given the hostile framework from regulators in the US.
“The message is blockchain and digital currencies are not welcome in the US. You want to be in this business, you probably should be going somewhere else. To be honest with you, we’re even looking at relocating our headquarters to a much friendly jurisdiction.”
Around the same time as this live stream, the chief executive officer of Ripple, Brad Garlinghouse took to Twitter saying that one of the main reasons tech companies in the US is leading the world in its own sector is due to clear regulation guidelines from lawmakers but the same respect isn’t being shown to crypto.
You can see his tweet below:
Strongest internet companies built in the US, in part b/c of regulatory clarity. We have that opp with blockchain + digital assets. Responsible players like Ripple aren’t looking to avoid rules, we just want to operate in a jurisdiction where the rules are clear. #DCEA of 2020 https://t.co/LqbEDuMXvx
— Brad Garlinghouse (@bgarlinghouse) October 6, 2020
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