Ripple CEO Urges U.S. to Take Lead in Blockchain Amid Regulatory Hurdles
Despite facing regulatory challenges, Ripple CEO Brad Garlinghouse is adamant about the United States leading the way in blockchain and cryptocurrencies. The recent partial ruling in Ripple’s favor by the SEC may indicate a step towards resolving the ongoing case.
In a recent CNBC interview, Garlinghouse expressed concerns about the resistance from the U.S. government towards the crypto sector. He highlighted the defensive stance the industry has been forced into, citing a lag in Washington’s understanding of the technology.
Renowned Ripple enthusiast, Jack The Rippler, shared a snippet from Garlinghouse’s interview on Twitter, emphasizing the CEO’s vision for the U.S. to become a financial hub for the next generation of technology.
Garlinghouse pointed out the defensive posture of the crypto sector in Washington, attributing it to a lack of awareness among lawmakers. He highlighted the ignorance of U.S. politicians towards the industry as a significant challenge that needs to be addressed.
Moreover, Garlinghouse raised concerns about potential deliberate efforts by certain government officials to hinder the growth of the crypto sector. He suggested that resistance from policymakers could be a deliberate attempt to impede progress in the industry.
As of the latest data, XRP is valued at approximately $0.4846, showing a 0.76% decrease in the last 24 hours. However, the cryptocurrency has witnessed a 1.24% increase over the past week, indicating a positive trend.
Reports suggest that a settlement in the Ripple v. SEC lawsuit may be on the horizon, with the SEC potentially not appealing Judge Analisa Torres’s recent favorable decision towards Ripple Labs. Stay tuned for more updates on this developing story.
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