Telegram ID: @Vipkhoone_manager

Ripple Co-Founder Declares Biden’s Crypto Stance ‘A Really Bad Call’

Crypto Leak 140 Best Vip channels of the world

Ripple Co-Founder Declares Biden’s Crypto Stance ‘A Really Bad Call’



  • Ripple co-founder Chris Larsen complains that President Biden’s crypto policies stifle innovation in the United States.
  • According to Larsen, the Biden administration has moved the blockchain industry offshore, favoring Singapore, Dubai, and London.
  • After the decision that Ripple’s XRP is not a security for retail sales, Larsen remains optimistic in spite of the challenges.

Chris Larsen, co-founder of Ripple, has criticized United States President Joe Biden for his stance against crypto, which he believes hinders the nation’s innovation.

Larsen believes that the US no longer leads the global blockchain industry.



Biden’s Stringent Crypto Policies Are Holding Back the US

Larsen talked about a perceived lag in the United States’ technology hub in an interview with Bloomberg. He attributes this to Biden’s stringent crypto policymaking.

Biden has recently proposed regulations for the crypto industry’s earnings and production.

Due to the perceived negative environmental impact of crypto mining, the Biden administration recently proposed a 30% tax. The tax, which would be known as the Digital Asset Mining Energy (DAME) excise tax, would amount to 30% of the cost of using electricity.


On August 25, the Biden administration further introduced a proposal to impose stricter regulations on brokers regarding the tax reporting of digital asset purchases and sales.

The goal of these proposed regulations is to bring crypto asset reporting into line with what is expected of other types of assets. It is argued by a number of industry participants that combining the two is analogous to combining apples and oranges.

Larsen believes that crypto’s strict regulations and the industry’s attempt to classify it as a traditional asset could be fatal. He declared,

“Unfortunately, this administration made a really bad call. They pretty much killed San Francisco from being what it was, the blockchain capital of the world.”

According to Larsen, the United States once dominated the blockchain industry.






Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Crypto leak

Godleak crypto leak service have multiple advantages in comparision with other services:

  •  Providing signal of +160 best crypto vip channels in the world
  • Using high tech bot to forward signals
  • Without even a second of delay
  • Joining in +160 separated channels on telegram
  • 1 month, 3 months , 6 months and yearly plans
  • Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features


Join for Free


Also you can check the list of available vip signal channels in the bot. by pressing Channels button.




He believes that the future has experienced a significant decline, despite his initial optimism. We used to own it, but we no longer do. because, for whatever reason, the Biden administration decided they wanted to move this industry offshore.

According to Larsen, Dubai, Singapore, and London have established themselves as the “global blockchain capitals of the world.”



There Is Less Fear Surrounding SEC

When Larsen talked about the ruling from July 13 that said Ripple’s native token, XRP, isn’t considered a security for retail sales, his optimism came through.

He suggests that the SEC’s recent robust legal actions against crypto firms have created a challenging situation as a result of this unfavorable ruling.


“The SEC lost everything that was important to them, and important to regulation of the industry […] We think that this is really groundbreaking, this is the law of the land. It is actually quite good news for the US spirit on crypto and blockchain policy.”

He further refers to the SEC’s most recent fight against Grayscale with respect to its Bitcoin trade exchanged store (ETF) item.

Grayscale won the case in the US Court of Appeals. The judge stated that the SEC’s rejection of its application on the grounds it cited was incorrect.

“The judge really admonished the SEC,” Larsen stated.


Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *