The chief executive of Ripple said that the Securities and Exchange Commission (SEC) regulating an industry in the form of "application for enforcement" is not a "healthy lifestyle" and could reduce US influence over password companies.

In an interview with Bloomberg News on March 3rd, Brad Galinhaus, CEO of Ripple, the digital payment Internet for distributed books, said SEC's regulatory approach puts the United States at a "more serious risk" of missing out on becoming the next high-profile core area for blockchain and login password innovation.

Galinhaus stressed that SEC's evidence against Ripple was only SEC's "attack" and "attack" on the industry as a whole, adding that if SEC "can appeal successfully", there will be "other cases".

He pointed out that the login password industry has already "gradually moved outside the United States" because its login password regulation process "lags behind" other countries, such as "Australia, the United States, Japan, Malaysia and Germany and Switzerland."

He praised some countries for taking "time and careful consideration" to develop "very clear road standards", adding that the US approach was not "a healthy way to regulate an industry".

Galinhaus recalled that when he first entered the high-tech industry in the 1990s, some people suggested that Internet technology be banned because of "illegal activities", but the government refuted the idea and decided to "build a framework".

He pointed out that the "benefits" of this initial selection are based on the "basic international situation", with the headquarters of "Amazon platform and Google" in the United States, suggesting that the same opportunity is now on the table to create a data encryption architecture.

Galinhaus believes that the architectural process should start from outlining the "establishment and maintenance of consumers."

He added that customers had been "left behind" because they lacked the "same maintenance" that the regulatory framework could provide.

Galinhaus believes that SEC's lawsuit against Ripple should be decided this year.

Recently, Robert Deaton, founder of Crypto Law Lawant, the mainstream media of laws and regulations, issued a call to his more than 245000 Twitter followers on March 5, saying that all companies in "proactive litigation" with SEC should work together to develop a "harmonious development strategy", called "war".

Prior to that, blockchain Association CEO Stuart Smith told Bloomberg News in an interview on Feb. 22 that the whole process of login password regulation in the United States had been "closed", adding that it is very important for more industries to join an "open process".