US Crypto Regulation Lags Behind Other Countries, According to Brad Garlinghouse
Brad Garlinghouse, the CEO of Ripple (XRP), recently commented that the US has fallen behind other countries in terms of pro-crypto regulations due to its strict stance towards the industry.
During a Bloomberg interview on March 2nd, Garlinghouse criticized US crypto regulations, stating that they are hindering innovation in the sector.
He noted that Australia, the UK, Japan, Singapore, Switzerland, and other countries have created clear rules that have allowed entrepreneurs and investors to enter their markets, ultimately benefiting their economies.
Garlinghouse argued that the US regulatory approach towards crypto is different from its approach to the internet a few decades ago when it led regulatory development for the industry, creating a favorable environment for entrepreneurs and investors to prosper.
He noted that crypto moving offshore is detrimental to American innovation and that the offshore regulatory standards do not provide strong consumer protection that the US can guarantee.
Garlinghouse believes that an effective regulatory framework should prioritize consumer protection while acknowledging that not all digital assets qualify as securities.
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He criticized the US Securities and Exchange Commission’s regulation-by-enforcement approach to the crypto industry. He stated that the lawsuit between the regulator and Ripple would play a pivotal role in crypto regulation in the country.
Garlinghouse added that the SEC’s aggressive approach towards the crypto industry is demonstrated by its offensive actions against Ripple and other crypto firms accused of breaking federal securities laws since 2022.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
