ChainCatcher news, Ripple Labs CEO Brad Garlinghouse admitted that his company should have engaged with U.S. regulators earlier. Now, after becoming the recipient of enforcement actions, the company and the cryptocurrency industry are striving to catch up.Brad Garlinghouse stated at the Washington Fintech Week event, "I have been to Washington much more in the past few years than in previous years. Looking back, I regret that. I think it was a mistake not to act sooner, and we are working hard to make up for lost time."Ripple is one of the U.S. cryptocurrency companies recently embroiled in legal disputes with the U.S. Securities and Exchange Commission, with many U.S. cryptocurrency executives claiming that the regulator is hostile and unfair to the industry.Previous news, Citigroup has terminated banking services for Ripple's CEO.

ChainCatcher news, Ripple CEO Brad Garlinghouse stated on Wednesday that his long-standing banking relationship has been terminated due to his status as a prominent figure in the cryptocurrency space.Brad Garlinghouse said, "Individuals in the crypto industry are being terminated from banking services, and I have also been terminated from banking services. They told me I had five days to move my money. They said that being a well-known figure in the cryptocurrency space and providing banking services to the cryptocurrency industry means facing more scrutiny from federal regulators."Garlinghouse linked his experience to a broader trend in the U.S. industry, which has been struggling to maintain relationships with banks as regulators have warned financial institutions to limit their involvement in cryptocurrencies. The institution that recently severed ties with him is Citigroup, where he had been a client for about 25 years. He also mentioned that this is not the only personal banking relationship he has lost due to his role in the cryptocurrency space.

ChainCatcher message, the crypto community has discovered a large number of Deepfake fraud videos of Ripple CEO Brad Garlinghouse on the YouTube platform. In the videos, an AI-generated image of Brad Garlinghouse invites users to participate in XRP activities and asks viewers to send tokens to a "designated address."It is reported that Google's parent company, YouTube, has not removed the deceptive advertisement, and its trust and safety team stated that the ad does not violate relevant policies. In light of this, Brad Garlinghouse emphasized that only approved messages from Ripple's official accounts can be considered authentic and valid, urging users to be cautious and verify when facing potential scams.

ChainCatcher news, Ripple CEO Brad Garlinghouse stated in an interview that the company plans to draw up to $1 billion from its cash reserves for internal growth and inorganic growth through acquisitions.Previous news, Ripple announced the launch of the Ripple CBDC platform. (Source link)

ChainCatcher news, Ripple CEO Brad Garlinghouse stated in an interview with CNBC that the "confusing" regulations in the U.S. will drive more crypto companies to leave the country, with companies like Ripple looking to hire and invest abroad.Brad Garlinghouse said, "Europe has indeed taken the lead, as well as countries like the UAE... you see growth, even in the UK and Singapore------they are clearly outlining how to regulate these digital assets. This allows entrepreneurs and investors to have constructive engagement with regulators through these rules. Frankly, this is why you see startups and investments flowing into other jurisdictions------of course, Europe is a significant beneficiary of the U.S. regulatory 'ambiguity.'"Garlinghouse pointed out that this has led to companies like Ripple making more investments outside the U.S. 95% of Ripple's clients are from outside the United States, and most of Ripple's hiring this year will be in regions outside the U.S.He also stated that Ripple is in good financial health. Ripple has taken $250 million in cash from its balance sheet to fund the acquisition of Metaco.Regarding Ripple's plans for going public, Garlinghouse said they are "not in a hurry to go public and do not need to raise more funds." He added, "Therefore, if we consider (going public), it will be at a reasonable time and place. We won't do it unless we feel it truly enhances our ability to grow the business and improve the customer experience." (source link)

ChainCatcher news, Ripple CEO Brad Garlinghouse is the latest to publicly oppose the U.S. government's war on cryptocurrency. In an interview with Bloomberg, he stated that cryptocurrency and fintech have already left the U.S., and the industry's shift overseas is detrimental to innovation in the country.He mentioned that the SEC's lawsuit against Ripple is actually not about XRP, but about the entire industry, and how the SEC is "attacking" the whole sector.Garlinghouse added that when this case began over two years ago, not everyone understood this point. However, with the recent ongoing crackdown on the cryptocurrency industry, it is clear that the agency is opposing the entire sector.Additionally, he pointed out that the U.S. SEC has recently taken five enforcement actions, stating, "This is not a healthy way to regulate the industry." The U.S. has fallen behind countries like Australia, the UK, Japan, Singapore, and Switzerland. (source link)