Ripple CEO says more crypto firms may leave U.S. due to 'confusing' rules

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Ripple CEO says more crypto firms may leave U.S. due to 'confusing' rules
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More crypto firms may leave the U.S. for more progressive jurisdictions like Europe if regulators continue to crack down on them, said Ripple CEO.

"Confusing" regulations in the U.S. will push more crypto companies to leave the U.S. as firms like Ripple look to hire and invest outside the country, the CEO of blockchain services company Ripple told CNBC in an exclusive interview.

"And that allows through those rules of the road that allow entrepreneurs, investors to engage constructively with regulators," Garlinghouse said on CNBC's "Squawk Box Asia."

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