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 <p class="is-style-lead">Ripple CEO Brad Garlinghouse says that the United States is one of the <a rel="noopener noreferrer nofollow" title="worst" href="https://thebittimes.com/tag/worst.html">worst</a> <a rel="noopener noreferrer nofollow" title="regions" href="https://thebittimes.com/tag/regions.html">regions</a> for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> companies as his company has been struggling with the country’s SEC.</p> 
 <p>Garlinghouse discouraged crypto startups and investors from launching in the US at a Token 2049 panel in Singapore.&nbsp;</p> 
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    <p lang="en" dir="ltr">Brad Garlinghouse, the CEO of Ripple, calls the U.S. the worst nation for startups to launch.<br><br>Garlinghouse says the U.S. should consider implementing #crypto policies from Singapore, the U.K., the UAE and Switzerland.</p>— DeFi UnCut (@DefiUncut) September 13, 2023 
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 <p>Moreover, he added that the US should learn from Singapore, the U.K., the UAE and Switzerland to become a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-friendly hub.&nbsp;</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Garlinghouse asserts XRP’s position amid SEC legal tangle 
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 <p>According to a report on Sept. 6, the investment migration company Henley and Partners ranks Singapore, the UAE, Hong Kong, and Switzerland as the most crypto-friendly regions for their tax policies, adoption rate and technology infrastructure.&nbsp;</p> 
 <p>In his speech, Garlinghouse pointed out the SEC’s lawsuits against Ripple and Grayscale that the regulator seems to be losing.</p> 
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  <p>“I think you’re seeing the momentum shift. I think that it used to be that a lot of judges were like: ‘Well, the SEC is always right,’ and they weren’t fighting that [but] I think you’re starting to see the pattern change.”</p> <cite>Brad Garlinghouse said at Token 2049 in Singapore</cite> 
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 <p>Furthermore, the U.S. SEC called Ripple nothing but a computer code with no “intrinsic” value which faced the company’s counter. The U.S.-based firm claimed that XRP is a bridge cryptocurrency and could be used for cross-border transactions.</p> 
 <p>After the court ruled in favor of Ripple and its native <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency, XRP, the SEC urged an appeal, saying these “knotty legal problems” must be reviewed.&nbsp;</p> 
 <p>Ultimately, Garlinghouse concluded that his firm would “build the right product” and “focus on the technology and to support responsible regulation.”</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Ripple CEO bolsters legal team ahead of jury trial against SEC 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-ceo-calls-us-one-of-the-worst-regions-for-crypto-startups-tbt62552.html">https://thebittimes.com/ripple-ceo-calls-us-one-of-the-worst-regions-for-crypto-startups-tbt62552.html</a></p>

Ripple CEO calls US one of the worst regions for crypto startups

TheBitTimes

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