Altcoins News
By Dan Saada
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When asked why hasn’t XRP gained the kind of traction that so many people thought it would a couple of years ago. What has held it back?
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Chris Larsen, Ripple co-founder and Executive Chairman stated, well it is frankly regulatory clarity.
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Larsen stated that it is good to have regulatory clarity, because you get utilized in very effective ways in helping humans.
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When asked why has XRP been singled out by regulators? Larsen acknowledged that it was a good question and stated it is perplexing in many ways.
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However, Larsen stated that they are hopeful that they can get the clarity in the US and on how that will allow the US to be rightfully the number one when it comes to Fintech,…
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Regarding the SEC suit, when asked that it is over issues that is already settled with the Department of Justice that causes some confusions about where the regulator is on these…
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In response Larsen stated that they are not there in the US as of yet with regulatory clarity. He stated this is not a Ripple issue, it is across Fintech and crypto.
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The FINCEN with the treasury have been super innovative and forward thinking on this, but we haven’t quite got there yet with the securities regulators.
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When asked if they were optimistic about Gary Gensler? Larsen stated that his administration is going to be a lot about climate focused.
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