Ripple may leave the US due to unfavorable regulation of the cryptocurrency industry Fintech company Ripple Labs may move its head office to a foreign jurisdiction due to unfavorable regulation of the US cryptocurrency industry. Fortune writes about this, citing a statement by Ripple co-founder and CEO Chris Larsen, which he made during a speech at the LA Blockchain Summit on Tuesday.

Ripple May Leave US Due To Adverse Cryptocurrency Industry Regulation

Fintech company Ripple Labs may move its headquarters to a foreign jurisdiction due to unfavorable regulation of the US cryptocurrency industry. Fortune writes about this, citing a statement by Ripple co-founder and CEO Chris Larsen, which he made during a speech at the LA Blockchain Summit on Tuesday..

Larsen argues that almost all countries other than the United States provide favorable conditions for the development of the cryptocurrency industry. He pointed to the UK and Singapore as the most advanced jurisdictions in this regard..

Investors in the United States have been suing Ripple for a long time, claiming that under the guise of XRP cryptocurrency, the company is distributing unregistered securities. Ripple itself claims that XRP cannot be recognized as a security for a number of reasons. The Securities and Exchange Commission (SEC) refrains from comments on this matter.

Larsen acknowledged that the likely relocation of the company will not completely free it from the requirements of US regulators, but will be a significant relaxation. Critics, including Larsen, argue that the US risks lagging behind China in financial innovation if it continues to hold back its development..

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