Lots of speculation last week as Team @Ripple considers some very important decisions about our future. I want to clarify a couple of things related to some of what I read. (1/5)
Ripple is a proud US-based company. Ripple abides by and supports critical laws - like strong BSA/AML controls - that keep bad actors out and consumers safe. We are NOT looking to evade US regulation. (2/5)
However, last week’s DOJ report lists 8 separate US reg bodies each with a different view: crypto is property, crypto is a commodity, crypto is a virtual currency, crypto is a security, etc. Regulation shouldn’t be a guessing game. bit.ly/377Al2P (3/5)
To make matters worse, some US regulators have already made decisions that actively favor Chinese technologies OVER US companies. Legislation like the #DCEA can bring US companies to equal footing. bit.ly/30QWcas (4/5)
The lack of a single national regulatory framework is putting US innovation and US companies at a significant disadvantage. All we’re asking for is a level playing field - if we need to move to another country to get that, then that’s the path we will have to take. (5/5)
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