Ripple Labs co-founder Chris Larsen said the company could move its headquarters overseas to a country with a more favorable regulatory environment.
During the Blockchain Summit in Los Angeles, Larsen emphasized that virtually every other country in the world has a better attitude towards cryptocurrencies than the United States and has a more developed regulatory framework. According to him, the management of Ripple considers the UK and Singapore as the main contenders for the transfer of the headquarters.
However, there is still a long way to go to a final decision on this issue. Larsen noted that even moving the headquarters to another country will not save the company from the attention of regulators when working in the United States, but it will facilitate activities in other jurisdictions.
Ripple is currently in litigation with investors who accuse the company of violating US securities laws when selling XRP. Ripple claims that XRP cryptocurrency is decentralized, which means it does not fall under securities laws.
Recall that Ripple recently launched the EW Zero tool, which makes it easier for projects on the blockchain to use renewable energy sources. By 2030, the company plans to achieve “carbon neutrality”.