Ripple CEO Brad Garlinghouse Highlights International Expansion Due to US Crypto Regulations.
In a recent interview on Bloomberg Daybreak: Asia, Ripple CEO Brad Garlinghouse discussed the company’s significant growth outside of the United States, attributing it to the restrictive crypto regulations in the country. Garlinghouse revealed that the majority of new hires at Ripple would come from nations with more crypto-friendly environments.
He expressed frustration over the contrast between countries like Singapore, Hong Kong, the UK, and Dubai, where governments collaborate with the crypto industry and provide clear regulatory guidelines, leading to substantial growth. Consequently, Ripple plans to fill 80% of its open positions internationally this year.
Regarding the ongoing legal battle with the US Securities and Exchange Commission (SEC) over the classification of XRP tokens, Garlinghouse remained optimistic. He believes that the facts and the law are in Ripple’s favor, leading to a favorable outcome in court.
Garlinghouse also mentioned that the United States could potentially become a cryptocurrency hub in the future, depending on changes in the regulatory landscape. While acknowledging the current challenges, he emphasized the US’s prominent position in the global economy and the potential for shifts in regulatory approaches with changing administrations and congressional actions.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.