Warning By CEO Ripple, Don't Get All Crypto Exchanges Out Of The US!

thecekodok

 "It must be that over time many crypto exchanges don't like the US anymore."


Ripple's Chief Executive Officer (CEO), Brad Garlinghouse revealed that increasingly confusing cryptocurrency regulations will push many digital asset exchanges out of the United States (US).


The statement was released as the US Securities and Exchange Commission (SEC) said it was a lengthy process after Ripple and Coinbase sought regulatory clarity on digital assets.


During an interview with CNBC, Garlinghouse was in the process of researching more details on investing abroad after predicting crypto exchanges would leave the US due to unclear laws.



Please note that countries such as the United Arab Emirates (UAE), the United Kingdom (UK) and Singapore have provided clarity on how to control digital assets while the Council of the European Union (EU) approved the Market in Crypto Assets (MiCA) legislation.


According to Garlinghouse, such approvals can allow entrepreneurs and investors to start constructive discussions with regulators but it is one of the reasons why investment moves to other jurisdictions.


It's widely known that Garlinghouse's comments come while he is still in the midst of a lawsuit by the SEC, but his case, which may soon find victory, will drag the crypto market toward regulatory clarity.


Through recent developments, US District Court Judge Analisa Torres who rejected the SEC's motion to close the Hinman Document will cause Ripple to win the case after a long time of overcoming various obstacles.

Tags