4.5 C
London
Friday, February 7, 2025

New Comment from Ripple (XRP) CEO on US Development: “This Is Exactly What We Need!”

Date:

Related stories

Challenges Facing Trump’s Proposed Job Reductions in the US Government

President Donald Trump is working to downsize the government,...

The Mysterious Disappearance of a Van Gogh Masterpiece: Where Has This Painting Gone?

For 27 years, art historians and Van Gogh enthusiasts...

Understanding the “Offense of Irregular Stay”: Bruno Retailleau’s Proposal on Immigration Reform

Bruno Retailleau advocates for reinstating the illegal stay offense...
- Advertisement -

Ripple (XRP) CEO Brad Garlinghouse, in his statement today, said in a statement that comprehensive coverage supported by both Democratic and Republican politicians in the USA. cryptocurrency He talked about the regulation bill.

The bipartisan cryptocurrency regulation bill aims to give oversight of cryptocurrencies to the US Commodity Futures Trading Commission (CFTC) instead of the SEC.

With the bill called the Digital Commodity Exchange Act (DECA), crypto assets can be classified as commodities rather than securities.

As it is known, discussions about what kind of assets cryptocurrencies are continues, and these discussions actually form the basis of the ongoing lawsuit between the SEC and Ripple.

Ripple CEO Garlinghouse Wants CFTC to Have Cryptocurrency Regulatory Authority

These comments from the Ripple CEO did not come as a surprise due to the ongoing lawsuit between his company and the SEC.

In his past statements, Garlinghouse criticized the SEC for allegedly obstructing cryptocurrency regulation and accused the SEC of hypocrisy for some of its practices.

Garlinghouse, in his statement on Twitter, said the following on the subject:

It is exactly what we need that Congress take the lead with the two parties on the regulation of cryptocurrencies.

The DECA bill presented was one of the rare moments when both parties were able to work together, putting aside their differences, with support from both Democratic and Republican representatives.

According to experts, this move also seems to be in line with the nature of cryptocurrencies, which have a decentralized structure as well as being out of politics.

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Our Android AppStart live price tracking now by downloading !


source site-5

Latest stories