Ripple CEO Calls On US Regulators To Embrace Digital Currencies As Nation Falls

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Ripple CEO Calls On US Regulators To Embrace Digital Currencies As Nation Falls Behind China On Crypto Innovation




Ripple CEO Brad Garlinghouse has once again called on the United States regulators to step up and “lean into digital currencies” as the nation is falling behind China in terms of crypto innovation.

Notably, China has continued with the development of its central bank digital currency, to the extent of conducting real-world pilot tests on the CBDC. As ZyCrypto previously reported, these trials will involve partners like McDonald’s, Subway, and Starbucks and will be carried out in four of China’s major cities.

The USA, on the other hand, has not even given clear guidelines regarding crypto regulation so far and has also put aside the development of a digital dollar. This goes to show that China is light years ahead of the US in the development of digital currencies.

Garlinghouse warns that this complacency will only set the US back while China gets all the glory.

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