San Francisco was set to become “the blockchain capital of the world” but lost its status because of hostile US government policy and regulatory crackdowns, according to Chris Larsen, co-founder and executive chairman of crypto pioneer Ripple Labs Inc.
London, Singapore and Dubai are now bigger hubs for the blockchain industry because the federal government forced operations to move overseas, he said in an interview with Bloomberg Television. Ripple, which remains based in San Francisco, is the crypto payments company behind the XRP digital token.
The SEC recently sought to appeal a judge’s ruling that cryptocurrency wasn’t a security when sold to the public — a decision hailed as a victory for the crypto market. Last week, Ripple moved to block that request. In August, a US appeals court also overturned an SEC decision to block Grayscale Investments LLC from launching a Bitcoin exchange-traded fund, marking a stinging rebuke of SEC Chair Gary Gensler’s bid to clamp down on the industry.
Larsen also criticized Senator Elizabeth Warren’s attitude toward crypto in the US, arguing that the industry should have pushed back harder on the Massachusetts Democrat’s influence. “Her policy is basically: ‘I’m building an anti-crypto army,’” he said. “It’s not: ‘I’m protecting consumers.’”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chicago Cubs' Justin Steele dominates San Francisco Giants in winJustin Steele tossed dominant two-hit ball through eight innings to move into a tie for the major league lead in wins, leading the Chicago Cubs past the San Francisco Giants 5-0 on Monday.
Lire la suite »
Seiya Suzuki, Christopher Morel homer as Chicago Cubs rally past San Francisco GiantsSeiya Suzuki and Christopher Morel homered during Chicago's six-run seventh inning, and the Cubs beat the San Francisco Giants 11-8 on Tuesday night for their third consecutive win.
Lire la suite »
Ducera Hires Greenhill’s Christopher Grubb to Open San Francisco OfficeDucera Partners, a boutique bank known for its work on distressed situations, has hired investment banker Christopher Grubb from Greenhill & Co. to lead its mergers and acquisitions business and open a San Francisco office.
Lire la suite »
Hulk Hogan drops the leg on alcohol, says he lost 40 poundsHulk Hogan, 70, the most famous wrestler ever, told TMZ he was \u0022sick and tired of being sick and tired” after decades of drinking.
Lire la suite »
Hay River resident who lost everything in N.W.T. wildfires grateful town is still standingSandra Patterson Lester shares her harrowing story about surviving a wildfire, losing her home and rebuilding.
Lire la suite »
Woman Has Meltdown Over A Lost Wallet, Roommate Finds Out Why And Pulls Petty RevengeAh, the beginning of a new chapter in life, college: a journey of learning, making new friends, and of course, adapting to life with new roommates.
Lire la suite »