As a researcher with a focus on the cryptocurrency industry and its regulatory landscape, I find Brad Garlinghouse’s perspective as the CEO of Ripple both intriguing and insightful. His first-hand experience leading a global company in this sector has given him a unique vantage point from which to observe the industry’s growth and challenges.
At Fortune’s Brainstorm Tech conference on Thursday, Ripple CEO Brad Garlinghouse revealed that approximately three-quarters of the company’s new hires over the previous two years were not from the United States. He expressed regret over this situation, stating, “That’s a disappointing fact.”
Garlinghouse acknowledged that it’s unfortunate that Ripple is providing well-paying positions outside of the US. However, he stressed that the company is continuing to expand within the United States as well.
According to Garlinghouse, approximately 95% of Ripple’s clientele hail from outside the United States, highlighting the significance of prioritizing customer needs in their business operations.
After being sued by the U.S. Securities and Exchange Commission in December 2020, Ripple faced a significant challenge with employee departures. Nevertheless, the company experienced remarkable growth following this setback. According to him, “The offerings we provide, the capabilities we enable are inherently global.”
The CEO of Ripple has expressed disappointment over the lack of regulatory certainty in the US cryptocurrency market. He emphasized the importance of clear regulations by stating, “You go where there is clarity.” He further highlighted countries like Japan, Singapore, and the UK as examples of nations that are more advanced in their cryptocurrency regulations compared to the U.S.
He has reiterated that the current SEC leadership will be viewed as Luddites in the future.
At the summit, Garlinghouse emphasized that the debate over cryptocurrencies shouldn’t be politically charged. He specifically criticized Senator Warren of Massachusetts for her critical stance towards cryptocurrencies and her proposed legislation in the industry.
In other parts of the world, people from both public and private sectors engage in discussions about how groundbreaking these technologies are and how they can enhance existing systems. Instead of focusing on partisan arguments, which is mainly an issue in the US, let’s aim for this more productive perspective.
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2024-07-16 22:43