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Ripple exec says innovation is leaving the US.

As US authorities continue to police crypto regulations, we take a look at the direction the country’s crypto innovation is headed.

Welcome to Crypto Rising – March 29, 2023 – presented by Joel Flynn.

Binance and founder Changpeng Zhao are being sued by the US Commodities and Futures Trading Commission, or CFTC. The suit caught most of the market by surprise judging by price reactions. However, the action itself is just a part of a bigger chorus of enforcement actions this year.

Ripple was suied by the SEC late last year, Paxos faced SEC and New York State Department of Financial Services lawsuits over BUSD, and the SEC sent a wells notice to Coinbase earlier this week.

In an exclusive interview with Forkast, Ripple President Monica Long said that US authorities might be taking the wrong approach in terms of regulation. Join us in this episode of Crypto Rising as we look at how crypto innovation is slowly leaving the US.