Ripple CEO: In order for the encryption industry to succeed, work needs to be done within the policy of the regulator

Ripple CEO Brad Garlinghouse said that he has seen the US Treasury Secretary Mnuchin's press conference on cryptocurrency and revealed that it has been discussed separately with the US Treasury Secretary. At the same time, Garlinghouse said that he has been thinking about Trump's tweet about cryptocurrency released last week, and agrees that cryptocurrency cannot replace fiat money and will not destroy the dollar and other G20 countries' currencies. But as Mnuchin pointed out, the entire cryptocurrency industry cannot be generalized. To make the industry a success, we need to work within the policy of the regulator. If we want to make more progress, it is to work with the existing financial system, not against it.