US is losing ‘tech cold war with China’ says Ripple co-founder

Speaking at the LA Blockchain Summit conference on October 6, Ripple co-founder, Chris Larsen, slammed the United States for falling behind in the race to design “the next generation of the global financial system.”

The address expanded on some of Larsen’s frustrations with U.S. regulations that has led to the company considering moving to a different jurisdiction.

Larsen argues the U.S. has fallen “woefully behind” in the ongoing “tech cold war with China,” asserting that China’s central government has outpaced American lawmakers in providing legislative clarity, allocating resources, building infrastructure, and fostering innovation in blockchain and other emerging technologies, including big data, surveillance, and A.I.

“China has recognized that those technologies are the keys to who is going to control the next gen financial system […] SWIFT and correspondent banking is not going to be the system we are going to be living with over the next two decades.” 

The

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Can the Red Raiders end their long losing streak in Manhattan?

Texas Tech at Kansas State

When: 2:30 p.m. Saturday at Bill Snyder Family Football Stadium in Manhattan, Ks.

Records: Texas Tech (1-1, 0-1 Big 12); Kansas State (1-1, 1-0 Big 12)

Last meeting: Kansas State defeated Texas Tech 30-27 in Lubbock

TV: FS1

What’s on the line?

In the last decade, the Red Raiders only managed to beat the Wildcats once in nine meetings. Heading into the 2010s Texas Tech was riding a five-game winning streak against Kansas State. These two teams would be coming off of similarly season-defining wins had Texas Tech not blown a 15 point lead in the waning moments of last week’s contest against Texas.

For Kansas State, its season has already been deeply confusing. The Wildcats opened with a loss to Arkansas State at home, then upset No. 3 Oklahoma in Norman. Texas Tech badly needs to rebound after nearly pulling off a program-defining upset

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