Jakarta, Pintu News – After winning a landmark case against the SEC, Ripple CEO, Brad Garlinghouse, testified before the US Senate Banking Committee.
This testimony is an important step in the push for clear crypto regulation in the United States. Garlinghouse emphasized the importance of the US leading the way in crypto innovation with transparent rules.
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Brad Garlinghouse delivered his testimony before the US Senate Banking Committee, highlighting the importance of clear regulation for the crypto industry. This testimony comes after Ripple won a major legal case against the SEC, where XRP was declared not to be a security.
This victory is considered a turning point that provides hope for other crypto companies facing similar challenges. Garlinghouse urged policymakers to pass the CLARITY Act soon.
The legislation aims to provide a clear legal definition of digital assets. The Ripple CEO emphasized that the US has the resources, capital markets, and innovation needed to lead global crypto growth.
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More than 55 million Americans already use crypto, and the global market is currently worth $3.4 trillion. Garlinghouse argues that transparent guidelines will boost innovation, consumer protection, and the economy. With clear regulations, crypto companies can operate more efficiently and reduce legal uncertainty.
Additionally, Garlinghouse stated that the SEC has become more open towards crypto under the current administration, especially after the XRP case was closed. This shows a change in attitude that may have a positive impact on the future growth of the crypto industry.
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In the Senate hearing, Garlinghouse is scheduled to face off against Senator Elizabeth Warren, who is known to be critical of crypto. With the legal issues resolved, Ripple now hopes to play an active role in shaping crypto policy in the US. The court victory gives Ripple a stronger position to advocate for regulations that support the growth of the industry.
This testimony is expected to be a starting point for further discussions on effective crypto regulation in the US. With support from various parties, it is hoped that legislation that supports innovation and consumer protection can be passed soon.
Brad Garlinghouse’s testimony in the US Senate paved the way for significant changes in crypto regulation in the United States. With strong bi-partisan support and important legal victories, the future of the crypto industry in the US is looking brighter. The ball is now in the court of policymakers to pass regulations that will support innovation and economic growth.
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