In part of his Axios interview, which was not broadcast on HBO on March 7, Ripple CEO Brad Garlinghouse mentioned that his company could leave the US if it loses such a high-profile legal battle with the US Securities and Exchange Commission.
This comes after Ripple co-founder Chris Larsen said the company would retain its San Francisco headquarters last week. With that said, Garlinghouse seems confident that Ripple will be able to defeat the regulatory body.
The Ripple CEO also stated that XRP will continue to trade even if Ripple divested, to highlight why the token is not a security. In addition, Garlinghouse says he would not want to start his new cryptocurrency company in the US if he launched one.
He reiterated that the “lack of leadership” in the blockchain industry is bad for the country:
The nature of US involvement in the Internet as we know it today has been a source of huge profits. It was the source of geopolitical power. And so I believe that the lack of leadership on next-generation technology like blockchain is bad for the United States.
It was previously known that Ripple wants to provide a solution for CBDC.
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