Recently, Brad Garlinghouse, the CEO of Ripple Labs, reiterated his belief in the potential for the United States to become a global leader in the blockchain and cryptocurrency industry. Despite the regulatory challenges currently facing the industry in the US, Garlinghouse expressed a positive outlook.
A strong supporter of Ripple, an account under the pseudonym JackTheRippler, recently shared a snippet of Garlinghouse’s interview on CNBC, in which the executive expressed his frustration with the resistance faced by the cryptocurrency industry from the US government.
According to Garlinghouse, the cryptocurrency industry is “behind in Washington” and has been forced into a defensive position. He emphasized his vision for the US to become one of the financial centers for these next-generation technologies.
“It is our desire for the US to be one of the financial centers for this next-generation technology!” Garlinghouse affirmed.
It is worth noting that recently, former US President and current presidential candidate Donald Trump publicly expressed his support for cryptocurrency mining, including Bitcoin production in the country. Trump participated in a meeting with key figures in the crypto mining sector.
In a recent statement, Trump highlighted his support for the cryptocurrency industry, emphasizing the crucial role of Bitcoin mining in stabilizing the energy grid. The former US president also voiced his opposition to President Biden’s stance on Bitcoin, stating that it only benefits countries like China, Russia, and the Radical Communist Left. Trump emphasized the importance of producing all remaining Bitcoins in the USA to strengthen the country’s energy dominance.
At the time of this publication, the price of Bitcoin was quoted at $64,253.61, representing a 1.1% decrease in the last 24 hours.
Disclaimer: The views and opinions expressed in this article, by the author or anyone mentioned, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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