🚀Hey BTC enthusiasts! Ripple Labs' co-founder Chris Larsen has criticized the US legal system, claiming it's mishandling crypto and blockchain policy under the Biden administration. 😲

🔍Larsen pointed to a recent court decision favoring Grayscale's Bitcoin trust transformation into a spot Bitcoin ETF as a rare admonishment to the SEC. He believes SEC Chair Gary Gensler recognizes the ambiguity in crypto laws but may prefer it that way, allowing for assertive tactics. 🤔

🌉Larsen also expressed disappointment in San Francisco losing its potential title as the "blockchain capital of the world" due to Biden's crypto policies. He praised London, Singapore, and Dubai for their transparent regulations and urged the US to reclaim its position as a global leader. 🌏

Stay tuned for more exciting crypto news! 🌟