Sun ripple CEO Brad Garlinghouse says he is optimistic about the future as long as the US stays in the game. Ripple is the cryptocurrency exchange whose own digital coin, XRP, is regularly the fourth largest cryptocurrency in the world in terms of market capitalization.

While Ripple is currently in the crosshairs of regulators, Brad Garlinghouse remains optimistic about the rise of cryptocurrencies. The Securities and Exchange Commission is suing the company for failing to register XRP as an offering of securities. The agency argues that XRP is actually an investment contract and not a cryptocurrency like bitcoin and ether. The SEC also claimed that Garlinghouse and other Ripple executives made millions in profits from XRP, while failing to prove that the digital token had practical utility.
According to Garlinghouse, who recently spoke at the virtual conference on the collision, digital currencies are here to stay and regulators should work to ensure that the United States is not excluded from the global future of cryptocurrency. "There are a lot of players in the crypto industry who have chosen to settle and establish themselves outside of the United States. And I think that's one of the worst things that could happen, and I say that as a U.S. citizen and being based here in the U.S. ... it's not good for the crypto industry," he said.
Thus, he advocates that central banks should get involved in cryptography. China, Cambodia, the Bahamas and others have launched digital currencies through their central banks in recent months. According to Garlinghouse, the adoption of digital coins by governments around the world would only help the cause of independent cryptos such as XRP.