Ripple ‘made a mistake’ not talking to regulators early, says CEO
Ripple should have engaged with US regulators a lot earlier, says the firm’s CEO Brad Garlinghouse, adding it’s now “trying to make up for lost time.”
Ripple Labs CEO Brad Garlinghouse conceded that his company should have engaged with United States regulators earlier, and now it and the crypto industry are playing catch-up after being on the receiving end of legal enforcement actions.
“I’ve made far more trips to DC in the past few years than I did in the years before that,” Garlinghouse said in an Oct. 23 appearance at DC Fintech Week.
Ripple is one of the US crypto firms that has been entangled in a legal battle with the Securities and Exchange Commission, a regulator many US crypto executives claim is antagonistic and unfair to the industry.
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Author: Jesse Coghlan
