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Brad Garlinghouse Ripple CEO Calls United States Worst Region for Cryptocurrency Startups

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After struggling with the United States Securities and Exchange Commission, Brad Garlinghouse, Ripple CEO, declared that the commission is the worst region beginner in the crypto sector.

During a Token 2049 panel held in Singapore, Ripple CEO discouraged cryptocurrency investors and startups from establishing in the United States.

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According to Garlinghouse’s statement, the United States could be more conducive for cryptocurrency investment and startups due to its rigid regulations.

In Brief

  • In his statement, Garlinghouse told the United States Securities and Exchange Commission to consider implementing cryptocurrency policies similar to those of Singapore, Switzerland, UAE, and the U.K.
  • He further said that if the United States can learn from these nations, it has the chance to become a cryptocurrency-friendly hub.
  • Previously, on September 6, reports from Henley and Partner show that Switzerland, UAE, Singapore, and Hong Kong are ranked high as crypto-friendly nations due to their technology infrastructure, adoption rate, and tax policies.
  • Furthermore, Garlinghouse referred to the Securities and Exchange Commission’s legal action against Ripple and Grayscale. He said that going by the situation, the SEC is on the losing side of the court action.
  • In addition, he noted that the United States Securities and Exchange Commission calls Ripple just a computer code without any intrinsic value.
  • Meanwhile, the SEC is still urging for an appeal to the court decision regarding XRP, citing that the complex legal issues must be investigated.

What’s Happening In Crypto Today?

At the time of this writing, Bitcoin is trading at $26,192.95, with an increase in market cap by 0.37% and a drop in trading volume by 23.60%.

Ethereum, on the other hand, is selling at $1,601.91, with a decline in market cap by 0.51% and a drop in trading volume by 37.29%.

  • Cardano, at present, is selling at $0.2477, with a decline in market cap by 0.52% and a decline in trading volume by 15.00%.
  • On the other hand, Dogecoin is trading at $0.06129, with a drop in market cap by 0.65% and a drop in trading volume by 25.01%.
  • Solana is now trading at $18.11, with a drop in market cap by 1.08% and a drop in trading volume by 21.36%.
  • TRON is at this moment selling at $0.08063, with an increase in market cap by 1.64% and an increase in trading volume by 50.03%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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