Ripple CEO warns of potential crypto exodus from US amid confusing regulations.
TL;DR
Ripple CEO Brad Garlinghouse has said that "confusing" regulations in the U.S. will push more crypto companies to leave the country. He added that Europe and countries like the UAE, the U.K., and Singapore are providing clarity on how they will regulate digital assets, which is attracting entrepreneurship and investment. Garlinghouse said that Ripple is in a good financial position and funded the purchase of Swiss crypto custody services firm Metaco with $250 million of cash off its own balance sheet.
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