Chris Larsen, the cofounder and executive chairman of Ripple Labs, has criticized the US Securities and Exchange Commission (SEC) for its regulatory crackdowns. He blamed the SEC for San Francisco losing its status as a leading blockchain hub, accusing the Biden administration of pushing the industry offshore. Larsen’s comments came amid reports of Binance’s key Russian executives resigning and speculation about Binance exiting Russia.
AI Sentiment: Neutral
