Ripple CEO Urges US for Regulatory Clarity

Allgemein / Von

Summary

  • Brad Garlinghouse, CEO of Ripple, has focused on positive developments for the company.
  • Regulatory clarity is needed in the US to allow Ripple to continue to grow.
  • Kyle Calvert, Heather Budrevičienė and Ciaran Lawler authored this article.

Ripple’s Focus on Positive Developments

Brad Garlinghouse, CEO of Ripple, has stated that his firm is focused on positive developments and regulatory clarity in the US. He believes that without this clarity it will be difficult for them to continue growing. Ripple is a San Francisco-based technology firm specializing in blockchain-based financial solutions.

The Need for Regulatory Clarity

Garlinghouse noted that while other countries around the world have made great strides in terms of providing clear regulations to foster innovation within the blockchain space, the US still lags behind. He also highlighted how other countries are taking advantage of this lack of regulation by attracting firms like Ripple away from America.

Challenges Faced by US Crypto Companies

The lack of regulatory clarity makes it difficult for American companies who are involved with cryptocurrencies and blockchain technologies. These businesses often have to apply for licenses or register with different government agencies in order to operate legally and securely. Without clear rules and regulations these companies face uncertainty and risk when it comes to their operations. This can lead to negative consequences such as legal action or even fines if they are found not complying with existing laws.

Conclusion

It is clear that there is a need for greater regulatory clarity within the cryptocurrency industry in order for companies like Ripple to be able to continue innovating safely and securely within the space. Without these changes, American firms may find their potential hindered compared to those based abroad who benefit from more supportive legislation and guidance from their respective governments.