Ripple, a leading company in the blockchain industry, is looking for new talent in different parts of the world.
But not just anywhere – the company prefers to hire in countries that have clear and supportive regulations for crypto and blockchain.
Why is that?
Because Ripple’s CEO, Brad Garlinghouse, believes that such countries are more conducive to innovation and growth.
In an interview with Bloomberg on Wednesday, Garlinghouse revealed that Ripple will do 80% of its hiring this year outside the U.S.
He named some of the countries that have impressed him with their regulatory leadership, such as Singapore, Hong Kong, the U.K., and Dubai.
“You see markets like we have here in Singapore, certainly even what we’re seeing in Hong Kong, the U.K., Dubai, where the governments are partnering with the industry, and you’re seeing leadership, providing clear rules and you’re seeing growth,” he said.
Garlinghouse also expressed his frustration with the lack of regulatory clarity in the U.S., where Ripple is facing a lawsuit from the Securities and Exchange Commission (SEC) over its XRP token.
He said that the SEC’s actions have created uncertainty and confusion for the crypto industry, and have driven away many investors and innovators.
He urged the U.S. government to follow the example of other countries and provide a clear framework for crypto and blockchain.