Ripple is loyal to San Francisco, said co-founder Chris Larsen.

Spread the love

In October last year, Chris Larsen, co-founder of Ripple, said that the company would consider moving to other countries, citing a lack of regulatory transparency in the United States. Since then, people have wondered where the next headquarters of the company would be housed. However, in the middle of a complaint against SEC about the suspected fraudulent offering of shares and the declining price of XRP, Larsen recently made a new statement stating that the company was here to stay.

Speaking to The San Francisco Chronicle, co-founder said that Ripple’s global headquarter will remain in San Francisco. He added:

‘We’re committed to the city. It’s got the most diversity, creativity…it’s got the critical mass.”

Earlier, CEO of Ripple, Brad Garlinghouse, pointed at the likelihood that Ripple could step out of the US due to the “lack” of a regulatory system. He emphasised that the country was “out of step” and wanted to introduce a consistent regulatory system for crypto.

At the time, the CEO said he was wondering whether Ripple would profit from moving to a country where the rules were clearer. He acknowledged that he was fascinated by how the United Kingdom and other G20 nations, including Singapore, Japan and the UAE, had “clear regulatory mechanisms” that enabled “stable markets to grow.”

RECOMMENDED READ:  Bitcoin short-term price analysis: June 21

In the meantime, another top crypto company in the neighbourhood has planned to do away with its headquarters. Coinbase CEO Brian Armstrong said that in the midst of the firm’s home policy work, they chose not to have a base in San Francisco, but to keep their offices open. The CEO added that the business is “decentralised”:

“As we’ve moved to a remote first environment, we realized that we no longer have a headquarters located in any one city.”

 395 Interactions,  6 today

How US wealth levy force millionaires to accept Bitcoin

A tax on the ultra-wealthy could nudge them towards crypto in certain respects, but hiding assets is not one of Read more

Trump’s former economic adviser on why Bitcoin is not a “trustworthy store of value.”

On its way down, the price of Bitcoin sometimes encounters several bearish sentiments arguing that the currency should not have Read more

Over $40b in stimulus payments likely to end up invested on Bitcoin.

Following the approval of the trillion-dollar stimulus programme by US officials, many Americans got their own stimulus checks. According to Read more

According to Coin Centre, the proposed FinCEN law is a “grave danger to personal privacy.”

The advocacy group takes aim at the new obligation to produce currency transaction reports for crypto transactions in its most Read more

US Congress adopts bill banning digital coins from securities legislation

A bill to exempt digital currencies from being defined as shares has been reintroduced in the U.S. Congress. The Token Read more

Floyd Mayweather-promoted ICO’s Co-founder jailed for 8 years .

The co-founder of the fraudulent 2017 ICO Centra Tech was sentenced to eight years in prison for his role in Read more

Yellen’s criticism of Bitcoin dismissed by Miami Mayor

Miami and Mayor Francis Suarez have worked over the last few weeks and months to position the city as the Read more

How central bank’s pledge to buy more bonds benefits Bitcoin

Panic has been visible across financial markets and global banks for a while now, with central banks across the world Read more

US judge dismisses the case of crypto fraud against the BNT token issuer.

The U.S. Federal Judge ruled that the case against the crypto corporation Bancor had been dismissed, citing the lack of Read more

Why Peirce thinks that DeFi would provide SEC with a successful regulatory test

The SEC commissioner described the DeFi space as "a work in process" but "alluring." overall. Hester Peirce, U.S. Commissioner. The Read more

Leave a Reply

Contact Us