Ripple's CEO said other countries are 'well ahead' of the US in terms of legal frameworks for crypto, signaling his cautious optimism that 2023 could be the year of 'breakthrough' regulatory clarity in the country.
Ripple's CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he's “cautiously optimistic” about the United States gaining"breakthrough" regulatory clarity for the cryptocurrency industry in 2023.
To mark the first day of the 118th Congress, Garlinghouse shared his hopes of 2023 being the year the U.S. gained regulatory clarity for crypto and added support for regulation is “bipartisan & bicameral.” Today is the first day of the 118th Congress. While prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that 2023 is the year we will see a breakthrough. A thread on why…Garlinghouse said the U.S. was not starting with a “blank slate” for regulation, referencing bills such as the Securities Clarity Act, the Responsible Financial Innovation Act and the Clarity for Digital Tokens Act as examples.,"the stakes couldn’t be higher.
The U.S. is behind Singapore, the European Union , Brazil, and Japan when it comes to crypto legislation and regulations Garlinghouse opined. He claimed the lack of a coordinated effort to implement a regulatory framework both globally and in the U.S."continues to push business to countries [with] lower regulatory bars" resulting in"sometimes catastrophic results," citing the Bahamian-headquartered FTX as an example.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CEO Optimistic About Achieving Crypto Regulatory Clarity in U.S. in 2023In a recent Twitter thread, Ripple CEO Brad Garlinghouse has expressed his cautious optimism regarding a potential breakthrough in regulatory clarity around cryptocurrencies in 2023
Read more »
Hundreds of Millions of XRP Moved by Anon Wallets After Ripple Shifted Billion XRPAnon wallets move 218 million $XRP following the release of 1 billion by Ripple whale_alert
Read more »
Ripple-SEC Settlement Expected by Community in 2023: CryptoLaw Founder's PollFounder of CryptoLaw says his earlier prediction on Ripple case outcome could be proven wrong at any moment
Read more »
Ripple To Win and Gary Gensler To Resign in 2023, Crypto YouTuber Shares His ForecastRipple victory in the case to lead to an unexpected result, according to crypto influencer BitBoy xrpsec ripplesec ripplexrp xrp xrparmy xrpcommunity ripple $xrp
Read more »
Ripple CTO Slams Self-Proclaimed Satoshi for Attacking XRPThis Twitter feud between self-proclaimed Satoshi Craig Wright and Ripple CTO David Schwartz continues to heat up more and more
Read more »
Ripple Wires Billion XRP, Here's How Many Tokens Locked Back in Escrow: Possible ReasonFintech giant based in San Francisco has been spotted moving staggering amount of XRP
Read more »