Ripple CEO Brad Garlinghouse expressed the need for proper regulation in the cryptocurrency industry in order for it to thrive. He highlighted that some parts of the crypto community are against regulation and focused on anonymity, but in order for the industry to achieve its potential in rewiring financial infrastructure, regulation cannot be ignored. Garlinghouse mentioned that there are still disagreements within the crypto community regarding basic regulatory frameworks. He also advised crypto entrepreneurs to avoid launching companies in the US due to the unfavorable business environment. The article concludes by stating that it is provided for informational purposes only and not intended as legal, tax, investment, financial, or other advice.
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