Ripple CEO: US is the worst place for cryptocurrency startups

  • 13/09/2023

Brad Garlinghouse said the US, following the example of the UK and some other countries, should simultaneously encourage innovation and protect consumers

Ripple CEO Brad Garlinghouse called the United States one of the “worst places” to launch cryptocurrency projects. He announced this at the Token 2049 conference in Singapore, writes Cointelegraph.

“The only country in which I would not recommend opening a company at this time is the United States,”Garlinghouse said.

At the same time, Singapore, Great Britain, the UAE and Switzerland are countries where “smart” policies are being implemented to regulate the crypto market, says the head of Ripple. He said the United States should follow the example of these countries by simultaneously encouraging innovation and protecting consumers.

Gaprlinghaus believes that this situation was led to by the actions of the US Securities and Exchange Commission (SEC), which through numerous lawsuits is waging a “political war” with the industry.

In September, the US Congress introduced an updated bill against the digital dollar. The document prohibits the Fed from issuing retail digital currencies, and also supports US values of protecting privacy, individual sovereignty and competitiveness in the free market.