Ripple’s CEO, Brad Garlinghouse, criticized the lack of clarity in U.S. regulations compared to other regions like Singapore, the U.K., and Dubai. He stated that Ripple is more concerned with the absence of clear guidelines rather than strict regulations. Ripple recently faced a compromise due to an end-user issue, and they have compensated affected customers. Garlinghouse reiterated Ripple’s commitment to regulatory compliance and their proactive approach to seeking licenses in regions with clear regulatory frameworks. Due to regulatory challenges, Ripple has shifted 80% of their hiring to overseas talent.
AI Sentiment: Negative
