Ripple XRP has become a hot topic amid the inflation period. This time it isn’t the U.S. Government, it’s the Co-Founder of Ripple passing his remarks on the U.S. regulations.
As it seems, Chris Larsen is sick of the dubious regulations that the U.S. has been imposing on Ripple. For the last several years, one controversy surrounding Ripple XRP is that it’s a privacy coin.
Ripple seeks friendlier regulations in Europe
We all know that the U.S. is home to countless tech giants including Ripple. But the slackness of regulatory clarity has forced Ripple to think about moving to another country. Where regulatory clarity is not an issue for the firm. It now just a matter of time when Ripple will move to Europe.
The news gained immediate spotlight after Chris Larsen speaking at the Blockchain Summit said America is sadly unprepared to host the latest version of the global financial system based on digital assets.
“The message is blockchain and digital currencies are not welcome in the U.S. You want to be in this business, you probably should be going somewhere else. To be honest with you, we’re even looking at relocating our headquarters to a much friendlier jurisdiction,” Said Chris Larsen.
According to Chris Larsen anything about blockchain and cryptocurrencies abruptly slows down and ends in the U.S. Thus, representatives at Ripple are contemplating moving to countries such as Japan, Singapore, U.K., and Switzerland where regulatory bodies are much friendlier than the U.S.
“I don’t think that the posture at the SEC today can get worse for the crypto and blockchain industry. It’s just ‘crush it and push it away,” Larsen added.
