Ripple CEO Brad Garlinghouse discussed his personal experience with being "de-banked" and blamed regulatory constraints on the cryptocurrency sector for the practice. He mentioned that banks, under regulatory scrutiny, are distancing themselves from notable crypto figures. He criticized the aggressive approach of the U.S. Treasury and Office of Comptroller of the Currency towards cryptocurrency and mentioned a wider effort to undermine the sector. Despite these challenges, Garlinghouse remains optimistic about the future of crypto in the U.S. He believes that policy improvements will come regardless of the outcome of the next presidential election. He also expressed confidence in the long-term outlook for crypto in the U.S. and predicted that regulatory challenges today will be seen as minor hurdles in the future. However, he advises startups to consider incorporating outside the U.S. due to current regulatory risks. Additionally, Garlinghouse mentioned the possibility of an XRP exchange-traded fund (ETF) launching in the future.
- Content Editor ( cryptonewsland.com )
- 2024-11-04
Operation Chokepoint 2.0 Raises Barriers for Crypto, Ripple CEO Warns