Ripple Chief Executive Officer Brad Garlinghouse has opted to show that crypto regulatory efforts are progressing quite positively abroad, despite regulatory pushback in the United States.
Garlinghouse, in a Twitter thread yesterday, described these efforts toward crypto regulatory clarity as “energizing.”
“Stepping back for a moment from what’s happening in the US – just in the last few weeks, the number of positive (or at least headed in the direction of CLARITY) global regulatory developments is energizing!” Garlinhouse wrote in the leading tweet.
The Ripple executive tapped the United Arab Emirates, Australia, the United Kingdom, South Korea, and Brazil as regions that are taking steps to attract crypto firms, encourage innovation and protect users with clear rules.
While the CEO’s intent might be to raise the sunken heads of crypto community members in the face of U.S. regulatory resistance, it also paints the stark reality of how global economies are beginning to leave the U.S. behind in innovation.
(By OKOYA DAVID)
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