Ripple’s CEO Urges U.S. to Lead in Blockchain Despite Regulatory Hurdles
It appears that the Securities and Exchange Commission (SEC) might not contest the recent partial ruling that favored Ripple, indicating a potential resolution to the ongoing legal battle. Despite facing regulatory challenges and a fresh lawsuit, Ripple CEO Brad Garlinghouse remains steadfast in his ambition for the United States to take the lead in blockchain technology and cryptocurrencies.
Renowned Ripple supporter, Jack The Rippler, shared a snippet from Garlinghouse’s interview with CNBC, where the CEO expressed concerns about the resistance the U.S. government has shown towards the crypto industry. Garlinghouse believes that the sector is currently playing defense and is falling behind in Washington.
BREAKING:
@Ripple CEO Brad Garlinghouse on CNBC:
“We want the U.S. to be one of the Financial Centers of this next generation technology!”#XRP pic.twitter.com/2rCNuuiCWn
— JackTheRippler ©️ (@RippleXrpie) June 22, 2024
Garlinghouse points out that the crypto sector’s defensive posture is a result of its lagging presence in Washington. He attributes this to the lack of understanding among lawmakers regarding the intricacies of the crypto business. The prevailing ignorance has compounded the challenges faced by the sector.
Furthermore, Garlinghouse suggests that certain government representatives may be intentionally hindering the growth of the crypto industry. He insinuates that the resistance might be a deliberate attempt to impede progress in the sector.
According to the latest data from CoinMarketCap, XRP is currently valued at approximately $0.4846, experiencing a 0.76% decrease in the last 24 hours. However, over the past seven days, XRP has seen a 1.24% increase, indicating a bullish trend.
In a previous report, CNF highlighted the possibility of a potential settlement in the Ripple v. SEC lawsuit. It now appears that the SEC might not challenge Judge Analisa Torres’s recent favorable ruling for Ripple Labs.
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