In this article XRP.CM= BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.
S., May 4, 2022. Mike Blake | Reuters Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.
S., but he is feeling highly optimistic about the post-election environment around the corner. "This is the most important election we've had, but I also believe no matter what happens, we're going to have a more pro-crypto, more pro-innovation Congress than we've ever had," he said in a Wednesday conversation with CNBC at DC Fintech Week .
Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S.
, which Garlinghouse said is partly a reflection of the contentious environment in Washington. In 2020, the U.S.
Securities and Exchange Commission sued Ripple, but last year the company scored a big victory for the industry when a judge determined that XRP is not a security when sold to retail investors on exchanges. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States." Nevertheless, he was upbeat about where the industry is heading in the long term.
"Anybody who doesn't believe that no matter wha.