Ripple CEO Brad Garlinghouse explained what it takes to attract more entrepreneurs and investors to the crypto industry.
In a recent CNBC interview, Garlinghouse said regulatory clarity and certainty are needed to attract more participants to the crypto space.
“There is no clarity and certainty in the industry. I think the overwhelming majority of people working in the crypto industry are good actors who want the right thing done by the regulators.
But when the rules of the road are not clear, it is very difficult to manage. So you want that clarity and certainty for entrepreneurs and investors to participate in these markets and invest in companies in this space.”
According to Garlinghouse, the US lags behind other major advanced and emerging economies under the G-20 umbrella when it comes to crypto regulation.
“There are countries that show how far the US is from the G-20. We’re talking about Switzerland here, we’re talking about Singapore, we’re talking about England, Japan.
UAE [Birleşik Arap Emirlikleri] A country that I think even allows investors and entrepreneurs to develop these technologies is far ahead in providing that clarity and certainty.”
In addition to these, the famous CEO also spoke about Ripple. Garlinghouse reported that after the conclusion of the lawsuit filed by the US Securities and Exchange Commission, he was looking for ways to offer the company to the public (IPO).
“I think with the SEC we want to achieve certainty and clarity in the United States. We’re investigating the IPO, we’re definitely at a point on the scale where this is a possibility. We’ll look into that once we get past this lawsuit with the SEC.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.