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Ripple CEO Says US Regulators Must Embrace Crypto or Fall Behind China

Published 05/27/2020, 08:13 AM
Updated 05/27/2020, 10:00 AM
Ripple CEO Says US Regulators Must Embrace Crypto or Fall Behind China
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Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China in the field.

In a tweet posted May 26, Garlinghouse warns that “remaining complacent is actually setting us back,” citing an article suggesting that China’s long-touted central bank digital currency (CBDC) has the potential to unseat the dollar as the global reserve currency.

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