Ripple Executive Highlights Slow US Progress in Cryptocurrency

According to Odaily, Fiona Murray, Managing Director of Ripple APAC, recently commented on the slow progress of the United States in the cryptocurrency sector. Despite some recent optimism, she believes that upcoming elections are unlikely to bring significant changes in the short term. However, she noted that the US still has the potential to catch up in the future. Murray highlighted that most of Ripple's business innovations are occurring in Singapore rather than the US. She attributed this to a 'lack of open-mindedness' in the US, which has driven many cryptocurrency founders to seek more favorable conditions in Asia and other regions. She emphasized that the Asia-Pacific region offers a 'stable environment' with essential core infrastructure that supports healthy cryptocurrency development. She also pointed out that Singaporean banks, such as DBS Bank, the largest bank in Southeast Asia, are currently leading the way. These banks are encouraged by regulators to collaborate with responsible Web3 companies, indicating that the progress is not solely driven by regulations.