Ripple CEO Brad Garlinghouse keeps reinstating on how lack of clarity in U.S. regulation of cryptocurrencies is “frustrating.”

Due to lack of regulatory clarity, Ripple is in to a high-stakes legal tussle with the U.S. Securities and Exchange Commission since.

Susan Friedman expressed:  ICYMI! In the Fintechtimes, I’ve challenged the notion that regulation stands in the way of innovation and progress. The world should look to Europe to see how regulation can provide a framework for building consumer trust in Fintech and nurturing market growth.

Community response:  Amazing, Europe is open for innovations and regulations, Fintech companies should look towards Europe and not the United States if they are looking for a clear regulatory clarity.

In Summary, Ripple is looking to reinstate on how European regulatory approach can be an example to how regulations could be hindering innovation ensuring groundwork for the future.

In the US, it just looks like there is a clear misunderstanding of how this technology should be applied.

It is important to note that G20 markets have invested their time and energy either through legislation or rule making to provide the clarity and certainty, which is required for investors to participate and have entrepreneurs to build.

The tussle between regulators and the crypto industry is continuing.  Governments have a long list of concerns like hackers are using cryptocurrencies to get paid for cyber attacks, tax evasion and a lot of other stuff.

For those who are new, Ripple’s on-demand liquidity service makes use of XRP which like a “bridge” between currencies.  Ripple states that it permits payment providers and banks to process cross-border transactions a lot faster than they would over legacy payment rails.

Also, it is important for new investors to understand that Ripple and XRP are different.  Brad Garlinghouse previously expressed: “But the SEC is making the assertion that these are investment contracts and that Ripple sales of XRP to our customers is actually an investment contract. That isn’t true. If you buy XRP, you don’t have ownership of Ripple and ironically you have XRP owners who have tried to sue the SEC for even bringing the case.”

Garlinghouse stated that it is important for regulators to focus on Utility. These technologies solve real problems for real customers.

The SEC and Ripple issue is ongoing.  The community are eager to see the suit come to an end.  However, just like any other legal suit, things are taking a drag. Some community members even suggest that Ripple locate to friendly jurisdictions.