Ripple CEO optimistic about crypto post-election, regardless of outcome
Ripple Labs CEO Brad Garlinghouse believes the US will become more crypto-friendly regardless of which political party wins the upcoming election, CNBC reported on Oct. 24.
Garlinghouse said during DC Fintech Week:
“This is the most important election we’ve had, but I also believe no matter what happens, we’re going to have a more pro-crypto, more pro-innovation Congress than we’ve ever had.”
Despite the optimism, he advised startups to “incorporate outside the US” and said that roughly 95% of Ripple’s business now takes place outside the country.
Ripple is one of the crypto firms under the US Securities and Exchange Commission (SEC) scrutiny. In December 2020, the SEC filed a lawsuit accusing the company of offering…
