The United States Securities and Exchange Commission regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S. being a less attractive place for crypto innovation, suggests Ripple’s CEO., blockchain-based digital payment network Ripple’s CEO Brad Garlinghouse, suggested that the SEC's approach to regulation is putting the U.S.
Garlinghouse noted that the regulator’s case against Ripple, is them simply playing “offense” and “attacking” the industry as a whole, adding that if the SEC is “able to prevail,” there will be “a lot of other cases.” He suggested that the crypto industry has “already started moving outside” of the U.S., given its crypto regulation process is"behind"He commended these countries for taking"the time and thoughtfulness” to create “clear rules of the road,” adding that the approach taken by the U.S. is not a “healthy way to regulate an industry.”
Garlinghouse said when he “first got into the tech industry in the late 90s,” there were calls for the internet to be banned, due to “illicit activity,” but the government said “no, we’re going to create a framework.” He said to “look at the benefits” that brought to the U.S. on a “geopolitical basis,” to have the"Amazon's and Google’s," based in the U.S.He added that consumers are suffering from the “lag,” saying that they don’t have the “same protection” that the U.S. regulatory frameworks can provide.
lfg cointelegraph web3 wants transparency ✊
The US doesn't want to accept their currency is falling to death, they are trying to keep it alive by making war in Ukraine. While the rest of the world evolving and giving steps forward.
I'm sure you'll win the case
That's because the USA wants xrp for them self
Much better to move out of usa
The SEC is power hungry
Ripple is a security. No point in all these lawyers getting paid for this waste of time. These lawyers should be doing what they do best - defending the human rights of paedophiles and terrorists.
Good move! Stop fking it for the rest of us U.S.
Giving the 4th industrial revolution to China on a plate great strategy.
Next bullrun is in Asia
Other countries are ready.
Garlinghouse noted that the SEC’s case against Ripple is the SEC simply playing “offense” and “attacking” the industry as a whole, adding that if the SEC is “able to prevail,” there will be “a lot of other cases.”
They don’t care, they will begin a war to balance later
US can't be a hub like this by very beggining
lfg cointelegraph web3 wants transparency ✊
Yeah we know he says it every fucking 24 hours.
They already missed it
WarrenDavidson SenTedBuddNC GOPMajorityWhip PatrickMcHenry andrewrsorkin HesterPeirce BrianQuintenz MittRomney tedcruz RoKhanna CongressmanRaja michaelrulli RepTimmons RobertCSprague RepHuizenga
Well, if the US misses out on being a hub for blockchain and crypto innovation, at least we still have pumpkin spice lattes, am I right?