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Ripple Considers Moving Offshore Amid Lack of SEC Regulatory Clarity

Ripple Labs is considering moving offshore due to the Securities and Exchange Commission's (SEC) lack of clarity over regulations for digital assets. The SEC's regulation by enforcement regime has been criticized by the U.S. House Committee on Financial Services Republicans for pushing innovation in the crypto industry overseas and threatening American investors and competitiveness.

However, the Republicans have promised to provide regulatory clarity for digital assets to protect the technology in the nation. Susan Friedman, International Policy Counsel at Ripple, has stated that key players in the crypto industry are already migrating to places like Europe due to fears regarding innovation moving overseas.

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