In a recent interview with Bloomberg Television, Chris Larsen, the co-founder and executive chairman of Ripple Labs, expressed his views on the regulatory environment in the United States and its impact on the blockchain industry. 

Larsen claimed that San Francisco, once poised to be the “blockchain capital of the world,” lost its status due to hostile government policies and regulatory crackdowns.

Ripple Co-Founder Urges Proactive Crypto Regulation

According to Larsen, London, Singapore, and Dubai have emerged as bigger blockchain hubs because US federal government actions forced operations to relocate overseas.

While Ripple remains headquartered in San Francisco, Larsen believes the Biden administration’s decision to push the industry offshore has hindered the city’s growth. …