Ripple CEO Brad Garlinghouse says the blockchain-based payments company is seeing expansive growth outside the US due to the country’s restrictive stance on crypto.
In a new interview on Bloomberg Daybreak: Asia, Garlinghouse says the majority of Ripple’s open positions will be filled by people in countries that are more accommodating to the crypto industry.
“I think it’s super frustrating that you see markets like we have here in Singapore, and certainly even what we see in Hong Kong, the UK and Dubai, where the governments are working with the industry and you see that leadership has clear rules offers. that you see growth. That’s why Ripple is hiring there. 80% of our hires this year will be outside the United States.”
As the US Securities and Exchange Commission (SEC) seeks court approval to appeal the landmark ruling that XRP tokens sold to the general public are not securities, Garlinghouse is optimistic the decision will be favorable are for Ripple.
“I said this a long time ago. The facts are on our side and the law is on our side and that is why we will continue to prevail in court.”
Garlinghouse says the US could still become the next crypto hub, amid the possibility that the country’s regulatory environment will change.
“I wouldn’t say it’s closed permanently. It’s definitely a tough place. The US is still the largest economy in the world with 22% of global GDP and so there will be a presidential election. There will be a change, or maybe there will be a change… I think there will be some shift as you see new governments come in. “I think at the end of the day, quite frankly, Congress will be called upon to act.”
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