Brad Garlinghouse – Ripple’s Chief Executive Officer – thinks the United States is lagging behind other countries in crypto adoption due to regulatory uncertainty.
ininterviewRecently, with Bloomberg, Garlinghouse argued that countries like Australia, Japan, Singapore, the United Kingdom, and Switzerland It has established comprehensive rules regarding the sector. Therefore, it encourages investors and entrepreneurs to migrate to those countries.
“There are countries that take time and prudence to create clear rules.”
He advised the American government, especially the SEC, to do the same and stop the exodus of crypto companies due to regulatory uncertainty.
Garlinghouse also gives an early example of the Internet, praising the United States for proper regulation in the late 1990s that made it the tech hub it is today.
Garlinghouse thinks that the best crypto regulatory framework should focus primarily on consumer protection. At the same time, the SEC should stop acting like a “hammer” and look at everything as a “nail” and realize that not all assets are “securities”.
“These are not always securities. because some of them are used as currency.”
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