San Francisco was set to become “the blockchain capital of the world” but lost its status because of hostile US government policy and regulatory crackdowns, according to Chris Larsen, co-founder and executive chairman of crypto pioneer Ripple Labs Inc.
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“They pretty much killed San Francisco from being what it was,” Larsen said. “We owned it and we don’t anymore because the Biden administration, for whatever reason, decided they want to push this industry offshore.”
Source: Crypto Crackdown Devastated San Francisco, Ripple’s Larsen Says – Bloomberg
