Ripple CEO: Regret not communicating with regulators sooner and is working hard to make up for it

Odaily News Brad Garlinghouse, CEO of Ripple Labs, admitted that his company should have approached U.S. regulators earlier, and now, after becoming the victim of an enforcement action, the company and the cryptocurrency industry are struggling to improve compliance goals. Garlinghouse said at Washington Fintech Week on October 23: "I have been to Washington much more often in the past few years than in previous years, and looking back, I regret it. I think it was a mistake that we were not prepared earlier, and we are working hard to make up for lost time." He also said that the United States is "lagging behind" in cryptocurrency regulation compared to other countries or regions, and accused U.S. SEC Chairman Gary Gensler of launching a "reign of terror" against the industry, and accused Senator Elizabeth Warren of "spreading misinformation about cryptocurrencies." (Cointelegraph)