Ripple (XRP) CEO Brad Garlinghouse stated that the harsh attitude of the USA towards the crypto industry has pushed the sector to regions outside the USA.
Brad Garlinghouse covered the US stance on the crypto industry in an interview with Bloomberg on March 3. garlinghouse, of the US Securities and Exchange Commission (SEC) trying to regulate the cryptocurrency industry through sanctions not a healthy behavior and that it has caused the United States to become a less attractive place for crypto firms.
Stating that the USA has started to be pushed out of the sector due to these attitudes, Garlinghouse underlined that the crypto industry has already visibly moved out of the USA.
On the other hand, between the SEC and Ripple litigation for more than 2 years Based on this theory, the CEO attributed it to the aggressive attitude of the SEC. The CEO added that if the SEC were victorious against Ripple, many similar lawsuits would be launched along with it. Garlinghouse also said he expects the case to be decided later this year.
Many actors in the cryptocurrency market share the same thoughts as Garlinghouse. A similar statement was recently made by Gemini co-founder. Cameron WinklevossIt had come from. Winklevoss has predicted that the next bull run will be based in Asia, indicating that the cryptocurrency industry is moving outside of the US, Binance CEO Changpeng Zhao (CZ) In response, he highlighted the United Arab Emirates.