In a recent interview, co-founder of Ripple, Chris Larsen, criticized the U.S. Securities and Exchange Commission (SEC) for its handling of the crypto space. He claimed that SEC Chair Gary Gensler prefers regulation through enforcement rather than clear laws, which allows him to make up rules as he goes along through bullying. Larsen also mentioned the SEC’s lawsuit against Ripple, stating that America’s current approach to crypto regulation is driving innovation to countries with clearer regulations. Larsen recommended entrepreneurs to start their crypto ventures outside of the US.
AI Sentiment: Negative
