① Ripple Labs CEO Karin House optimistically stated that whoever wins this year's election will make the United States more supportive of cryptocurrency Galinghouse stated that the Biden administration is a hostile government towards cryptocurrency, and "no matter what happens in the next election, we will start over
As the day of the November 5th US election approaches, Brad Garlinghouse, CEO of cryptocurrency company Ripple Labs, recently expressed optimism that whoever wins this year's election will make the US more supportive of cryptocurrency.
This is the most important election we have ever had, but I also believe that no matter what happens, we will have a Congress that is more supportive of encryption and innovation than ever before, "he pointed out.
Will the United States become more friendly to the cryptocurrency industry?
Ripple is a long-standing cryptocurrency company that operates a global payment business, with its main customers being banks and financial institutions. About 95% of the company's business is conducted outside of the United States, which Galinghouse said reflects to some extent the controversial environment surrounding the cryptocurrency industry in the United States.
Previously, Carlinhos had been concerned about cryptocurrency regulation in the United States. In 2020, the US Securities and Exchange Commission sued Ripple, but the company achieved a significant victory in this lawsuit last year. Perhaps it was this case that prompted Carlinhos to make a suggestion to numerous fintech startups on Wednesday: "Register outside of the United States
However, he holds an optimistic attitude towards the long-term development direction of the industry.
Anyone who doesn't believe that we (the cryptocurrency industry) will eventually become better hasn't noticed... If we look back at how the United States made mistakes in the past few years in 10 years, it will just be a speed bump, and this industry will continue to thrive
Ripple has donated at least $45 million to Fairshake, a political action committee that supports cryptocurrency, and its co-founder Chris Larsen recently donated $11 million to Kamala Harris' campaign.
Galinghouse said, "Obviously, Trump has been very active in supporting encryption early on and calling him the president of encryption... The Harris team is even more subtle. However, this week, they publicly made some of the most constructive statements
Kamala Harris comes from Silicon Valley and has been supporting technology for many years, "he added. She has been relatively silent on this topic, but I believe that no matter what happens, we will see a change
Say goodbye to the 'failed' Biden administration?
Whatever happens, we will bid farewell to the failed policies of the Biden administration, "said Carlinhos
He pointed out that the US government had been hostile to cryptocurrencies before, "not only the Securities and Exchange Commission of the United States. (The Office of the Comptroller of the Currency) has also been hostile to cryptocurrencies; the US Treasury Department has also been hostile to cryptocurrencies before."
Galinghouse said, "This (Biden administration) is a hostile government, and no matter what happens in the next election, we will start over... The scale of the change may still need to be discussed, and there are still many differences about it. But we will see progress forward, and I am certainly looking forward to it
Although Galinghouse did not publicly support any presidential candidate, he stated this week that he supports John Deaton. Deaton is a lawyer who is running for the seat of Massachusetts Senator Elizabeth Warren. Warren has been critical of the cryptocurrency industry and seeking additional regulation in the field.