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Ripple CEO Brad Garlinghouse shares his insights into what the payments firm’s future will look like if XRP is declared a title by the U.S. government
In an episode of the Pomp Podcast with Anthony Pompliano, Garlinghouse says that while part of Ripple’s business in the United States is expected to change if regulators determine its native token is a security, much of the company’s business in the states United could work as usual.
“Much of what Ripple does today in the US, we could continue to do it, no problem. One component of what we do today is our On-Demand Liquidity (ODL) customers who purchase XRP from us. Self [XRP], in fact, it is a guarantee, we should get a broker-dealer license. Anyone who buys and sells XRP in the US should get a broker-dealer license. “
The head of the San Francisco startup has publicly discussed the possibility of the company moving to more regulatory-friendly jurisdictions, or at least to regions where cryptocurrency regulations are clearer. In his interview with Pompliano, Garlinghouse still talks about Ripple’s investigation to move their business offshore.
“The reality is that what we would probably do is simply say, ‘Okay, to provide certainty and clarity on a future basis, we would like to look into other markets and other jurisdictions where there is that clarity.’ Earlier in this conversation, I highlighted the UK. I highlighted Japan. I highlighted Singapore. ”
For now, however, Garlinghouse points out whether or not XRP is considered a stock, the company’s business would not change significantly either way. It goes so far as to say that it would be in the best interest of the United States to keep the company grounded.
“Frankly, most of our clients are non-US customers by far today and so we could absolutely continue to build the business and grow. It’s just that we would no longer be a US taxpayer where we probably paid an order of magnitude of a couple of dollars. hundreds of millions of dollars in taxes here in the United States and I just think it doesn’t serve the United States agenda to take us off the coast. “
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