Brad Garlinghouse said today in Singapore that the crypto community needs to agree on certain basic regulations.
Brad Garlinghouse, chief executive officer of Ripple, said today at a conference in Singapore that the crypto community needs to agree on certain basic regulations.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Ripple CEO Brad Garlinghouse said there needs to be proper regulation in place for the cryptocurrency industry to thrive.
“There is an underlying segment of the crypto world that is so anti-regulation and all about anonymity,” Garlinghouse said today at a panel at Token 2049 in Singapore. “In my judgment, if we want this industry to thrive and achieve what it can fundamentally rewire how financial infrastructure works, we can't pretend like government regulation doesn't matter.”
He added that there are some basic things the crypto community has to agree on. “I still do find categories of the crypto community fighting on some of these basic regulatory frameworks.”, continued. “If you're taking the point of view that we're going to circumvent those things, that's not the industry I see out 5 to 10 years from now that really is thriving and growing.”Commenting on the U.S.
“The only country I would not encourage people to start a company right now is the US. There's probably some others, but the U.S. is a big one to call out,” he said.that a New York court should not allow the agency to appeal part of a high-profile ruling. The regulator said on Friday that Ripple was trying to delay a resolution “so that they may continue freely selling XRP into public markets without the disclosures that come with registration.
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