Finance

Ripple CEO says the U.S. lacks regulatory clarity on cryptocurrency

0


Ripple CEO Brad Garlinghouse said the lack of clarity in U.S. regulation of cryptocurrencies is “frustrating.”

Known for the cryptocurrency XRP, the fintech company has been caught in a high-stakes legal tussle with the U.S. Securities and Exchange Commission since last year.

In December, the SEC filed charges against the firm, Garlinghouse and a Ripple co-founder, alleging they raised more than $1.3 billion through an unregistered securities offering.

Garlinghouse said the U.S. has yet to provide clear regulatory guidelines for cryptocurrencies unlike countries in Asia.

“I give credit to markets like Singapore and even parts of Korea where there really has been a thoughtful government-led…



Source cnbc.com

Amazon’s ads business nears $7 billion a quarter, posts 77% growth

Previous article

What to expect as live music concerts start to reemerge post Covid-19

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance