The CEO of Ripple Labs, Brad Garlinghouse, recently reiterated his belief in the potential for the United States to become a global leader in the blockchain and cryptocurrency sector. Despite regulatory challenges in the industry, Garlinghouse remains optimistic about the country’s prospects in the current landscape.
A strong supporter of Ripple, the user JackTheRippler, recently shared a snippet of Garlinghouse’s interview on CNBC, where the executive expressed his concerns about the resistance faced by the cryptocurrency industry from the US government. According to Garlinghouse, the cryptocurrency industry is lagging behind in Washington and has been pushed into a defensive position. He emphasized his desire for the US to become a financial hub for these technologies.
“We want the US to be one of the Financial Centers of this next generation technology!” stated Garlinghouse.
It is worth noting that former US President and current presidential candidate, Donald Trump, recently publicly expressed his support for cryptocurrency mining, including Bitcoin production in the country. Trump attended a meeting with key figures in the crypto mining sector.
In a recent statement, Trump underscored his support for the cryptocurrency industry, particularly Bitcoin mining, as a means of stabilizing the energy grid. He emphasized the importance of supporting the sector and ensuring that Bitcoin production remains in the US to strengthen the country’s energy dominance.
Meanwhile, the price of Bitcoin was reported at US$64,253.61 at the time of publication, marking a 1.1% decrease in the last 24 hours.
Please note that the opinions expressed by the author and individuals mentioned in this article are for informational purposes only and do not constitute financial or investment advice. Investing in cryptocurrencies carries a risk of financial loss.
In other news, there are speculations about XRP experiencing a 1700% surge, with a forecast of reaching $8 in July. Additionally, Brad Garlinghouse is facing accusations of making misleading statements in 2017 regarding the XRP lawsuit.