Ripple's executive chairman Chris Larsen says that Ripple might be moving their headquarters overseas. Larsen made this announcement during an interview with Fortune at the virtual LA Blockchain Summit. \u201cTo be honest with you, we\u2019re even looking at relocating our headquarters to a much more friendly jurisdiction,\u201d said Larsen. Larsen went on to mention how the lack of regulatory clarity in the United States stifles innovation in the blockchain and digital currency industry.\u00a0 Shortly after Larsen\u2019s interview at the LA Blockchain Summit, TechCrunch founder Michael Arrington commented on the matter, agreeing with Larsen that the lack of regulatory clarity in the United States \u201c is a disaster for the US." https:\/\/twitter.com\/arrington\/status\/1313546991956234240 Afterward, Ripple\u2019s CEO, Brad Garlinghouse responded to Arrington, saying that Ripple is looking to operate in an area where the rules are clear; and said that the reason that early internet companies in the United States were able to prosper is because they had regulatory clarity. https:\/\/twitter.com\/bgarlinghouse\/status\/1313579718038491136 Larsen also told Fortune that the benefit of having your headquarters in a jurisdiction with clear regulatory framework is that, \u201c have the advantage of having the capital markets, the regulators, and the innovators all in the same city. That's not the case in the US, where New York investors, Washington lawmakers, and Silicon Valley tech entrepreneurs "don't understand each other.\u201d Larsen says that the U.K., Singapore, Switzerland, and Japan are locations that Ripple is considering moving to. Regulatory clarity, or Ripple\u2019s ongoing lawsuit? Although Larsen and\u00a0Garlinghouse\u00a0mention regulatory clarity as the driver behind Ripple\u2019s re-location, others believe that the current\u00a0class-action lawsuit that Ripple is battling\u00a0is also a reason that Ripple wants to move its headquarters outside the United States. Ripple is currently battling a class-action lawsuit in which plaintiffs are arguing that Ripple\u2019s initial sale of XRP to the public was an unregistered securities sale.