Ripple CEO Brad Garlinghouse says he is optimistic about the future as long as the U.S. stays in the game. Ripple is the crypto-currency exchange whose own digital coin, XRP, is consistently the fourth largest crypto-currency in the world by 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 a securities offering. The agency argues that XRP is actually an investment contract and not a crypto-currency 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 any practical use.
According to Garlinghouse, who recently spoke at the Virtual Collision Conference, digital currencies are here to stay, and regulators should work to ensure the U.S. isn't left out of the global future of crypto-currency. "There are a lot of players in the crypto industry that have chosen to set up shop and establish themselves outside of the United States. And I think that's one of the worst things that could happen, and I say this 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 crypto. 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.