Ripple Exec: Slow Response on Blockchain Could be 'Potential Catastrophe' for US

[Nikko]

Ripple Exec: Slow Response on Blockchain Could be 'Potential Catastrophe' for US

Ripple co-founder Chris Larsen discussed U.S. regulators’ ignorance towards regulating the blockchain and crypto space and how it is helping China.
In a recent interview with Wall Street Journal reporter Paul Vigna, Ripple’s co-founder and executive chairman Chris Larsen said that the United States has been “slow to the game” in terms of experimenting, implementing and regulating the blockchain and cryptocurrency industry.

Larsen said that the U.S must change its viewpoint towards blockchain and cryptocurrency as the industry is already past the 2017 and 2018 hype. The war against ICO scams is won, he said, and now regulators must address the industry such that they can compete with China’s blockchain and cryptocurrency progress.

Readmore: https://cointelegraph.com/news/ripple-exec-slow-response-on-blockchain-could-be-potential-catastrophe-for-us

[TomPluz]

The US government should not allow China to be taking the lead in the blockchain and cryptocurrency space. Unfortunately, officials are failing to grasp the importance of this industry, thus they seem to not care. One day, they will realize their big mistake.