“The U.S. has been slow to move in the cryptocurrency space, and despite recent hopes, the election is unlikely to change that in the short term,” said Fiona Murray, managing director of Ripple Asia Pacific.

Murray told Cointelegraph at Token2049 in Singapore that most of the innovation in Ripple’s business happens in Singapore, not the U.S. He said a “lack of open minds” has driven many cryptocurrency founders to Asia and other countries in search of fairer conditions.