American regulators are dragging their feet when it comes to cryptocurrencies — and it’s holding the U.S. back from becoming a world leader in regards to the nascent technology.
This opinion was expressed by Ripple CEO Brad Garlinghouse and TechCrunch founder Michael Arrington at TechCrunch Disrupt San Francisco.
According to those two cryptocurrency proponents. the regulatory uncertainty in the U.S. is forcing blockchain startups to set up shop in more friendly environments. Arrington knows this, given that he his $100 million XRP fund has been primarily investing in overseas projects.
As reported by the conference’s hosts, Arrington continued to not mince words. Of course, some might agree that it’s increasingly harder to rely on the U.S. government to effectively regulate anything — especially something with the potential to disrupt and undermine central banks and governmental authority. What do you think about the regulatory environment regarding cryptocurrencies and blockchain technology in the United States? Let us know your thoughts in the comments below!"The SEC is single handedly wrecking the next stage of technology development" Michael Arrington (Arrington XRP Capital) #TCDisrupt pic.twitter.com/MFnWRwRTXG
— TechCrunch (@TechCrunch) September 5, 2018
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored