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The CEO of Ripple demands the end of regulatory chaos in the United States: this is his plan

Foto: Global Village, Brad Garlinghouse, The Grove 2022 (Global Village, Uploader), CC by 2.0

During an audience of the American Senate, the CEO of Ripple, Brad Garlinghouse, He rolled up against the current regulatory environment that surrounds cryptocurrencies. According to him, unclear standards and the hostile attitude of regulatory agencies expel innovation outside the country.

Garlinghouse intervened on July 9 in Washington DC in the audience Lawyer “From Wall Street to Web3: Building the digital asset markets of tomorrow”Organized by the senatorial banking committee, responsible for the supervision of financial legislation, in particular banks, money and cryptocurrencies.

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Rules like a weapon

With three other exceptional speakers-Stacy-Marie Ishmael (Bloomberg Crypto), Christopher Perkins (Coinfund) and Sandra Ro (Global Blockchain Business Council) -Garlinghouse approached the future of the cryptocurrency In the United States.

In his speech, he said that the current situation was not lasting. The absence of clear laws generates not only confusion, but is actively used as a tool to persecute companies by entities such as securities and the exchange commission (SECOND) In addition, highlighted:

“In Ripple, we lived with first hand: the absence of clear rules can be used to attack legitimate actors.”

He described the American regulatory climate as a hostile for innovation and warned that capital, businesses and talents migrate to other countries.

Ripple requests federal legislation

According to Garlinghouse, the solution is clear: the congress must establish a federal and coherent regulatory framework. In the United States, it is not to maintain its leadership in the accelerated world of cryptocurrencies.

He also assured that Ripple and other companies were ready to collaborate with regulators, provided that there are clear and transparent standards.

This public arrives at a critical time: in Washington, the debate on which the organization should have the main authority in the cryptography sector – if the dry or the commodity future trading commission (CFTC). The resolution of this conflict will have a great impact on the future of cryptocurrencies in the United States.

The influence exerted by American policy on the Bitcoin price. Sometimes directly, as with the long legal battle between dry and undulation. But also by indirect decisions, as the recent weekly record de Bitcoin, promoted in part by the tariff policy announced by Donald Trump.

In the end, Garlinghouse publicly thanked the Senatorial Banking Committee Through social network X.



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