Brad Garlinghouse, CEO of cross-border payments company Ripple, spoke at a panel discussion at the World Economic Forum in Davos, Switzerland on Monday.
Garlinghouse, who is also a member of the company’s board of directors, has commented on a wide range of topics, particularly the regulatory landscape in the United States and G20 countries.
Emphasizing the prudent need for regulatory frameworks that provide an unifying principle of “clearance and certainty,” Garlinghouse stated the following beliefs:
“The majority of people working in the cryptocurrency industry are good actors who want to do the right thing by regulators. But if the rules of the road are not clear, it is very difficult to manage within them.”
At the end of the conversation, Garlinghouse revealed that “I went to the US Securities and Exchange Commission (SEC) office four or five times over the years before I decided to file a lawsuit.” Legally Classified Security.
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Citing Switzerland, Singapore, the United Kingdom and Japan as countries with a more favorable regulatory environment for fostering technological innovation, Garlinghouse “shows how far the United States is from the G20,” he argued.