The United States is “behind the eight ball” compared to other leading global economies in providing clarity about how it will regulate digital assets, according to Ripple CEO Brad Garlinghouse.
And that’s a problem for investors, he says.
“Without [regulatory]clarity, you’re navigating with uncertainty. It discourages investment, and it certainly discourages investment here in the United States,” Garlinghouse said Thursday at an Axios event on crypto regulation.
Ripple was founded in 2012 and describes itself as a blockchain-based alternative to SWIFT, the global messaging system that enables bank transactions. The company has been fighting a lengthy legal battle with…