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WEF 2022: Ripple CEO has visited the US Securities and Exchange Commission several times before the XRP trial

 


Brad Garlinghouse, CEO of blockchain payment service provider Ripple, spoke at the current World Economic Forum in Davos, Switzerland.


Garlinghouse, who also sits on the blockchain company's board of directors, commented on a range of issues, including the current status of crypto regulation in the US compared to the rest of the G20 countries.


In this context, the Ripple boss emphasized that the necessary legal framework should primarily ensure “clarity and security”. To that end he states:


"The vast majority of people in the crypto industry have good intentions and want to work with regulators, but if the rules aren't clear then it's very hard to follow."

In the further course of the conversation, Garlinghouse also revealed that he himself was a guest at the American Securities and Exchange Commission several times before they instituted legal proceedings against Ripple to decide whether the sale of the company's cryptocurrency XRP constitutes an illegal sale of securities .


"It shows how far the US is lagging behind the rest of the G20," Garlinghouse said, suitably frustrated. So far, the Ripple boss sees countries like Switzerland, Singapore and Great Britain clearly ahead when it comes to the regulation of the crypto industry.

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