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Ripple XRP has become a hot topic amid the inflation period. This time it isnāt the U.S. Government, itās 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 itās 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.
āThe 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, weāre even looking at relocating our headquarters to a much friendlier jurisdiction,ā 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.
āI donāt think that the posture at the SEC today can get worse for the crypto and blockchain industry. Itās just ācrush it and push it away,ā Larsen added.
Ripple to operate under regulatory clarity
In a recent tweet, the CEO of Ripple, Brad Garlinghouse says we are not here to avoid rules, what we all need is just transparent rules.
Strongest internet companies built in the US, in part b/c of regulatory clarity. We have that opp with blockchain + digital assets. Responsible players like Ripple arenāt looking to avoid rules, we just want to operate in a jurisdiction where the rules are clear. #DCEA of 2020 https://t.co/LqbEDuMXvx
ā Brad Garlinghouse (@bgarlinghouse) October 6, 2020
The foundation has encountered several lawsuits over a few years. Besides, Ripple was also accused of selling its native token XRP/USD in an unofficial securities offering. However, any new development, in this case, didnāt come to light since the announcement of the new regulatory framework for cryptocurrencies.
The post Enough is enough: Dubious U.S. regulations force Ripple to migrate to Europe appeared first on Invezz.
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