• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Coinbase receives Wells notice from SEC

    2023-03-22

    Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

    2023-03-22

    Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

    2023-03-22

    BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

    2023-03-22

    OneCoin associate Irina Dilkinska charged following US extradition

    2023-03-21
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15
  • Market Cap
CryptoNewsMetaverse
Home»Ripple CEO optimistic about US ‘regulatory clarity for crypto’

Ripple CEO optimistic about US ‘regulatory clarity for crypto’

2023-01-04No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ripple’s CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread that 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, adding that 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 (finally!) see a breakthrough. A thread on why…

— Brad Garlinghouse (@bgarlinghouse) January 3, 2023

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.

According to the Ripple CEO, “the stakes couldn’t be higher.” He added that “no bill is perfect and there likely never will be one that satisfies everyone” and attempts to pursue a perfect bill shouldn’t stall Congress’ progress in creating crypto regulations and legislation.

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,” such as the implosion of Bahamas-headquartered FTX.

Related: SEC seeks to keep Hinman documents hidden in Ripple case

Ripple is a financial technology company operating the RippleNet global payment network along with its cryptocurrency XRP (XRP).

In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple alleging the company sold XRP as an unregistered security.

The SEC argued Ripple raised billions through XRP sales and failed to register the offerings as securities as required by law. Ripple denied the allegations claiming XRP is a currency, not a security.

In October, Garlinghouse told panelists at the D.C. Fintech Week conference that he expects the case against the firm to conclude during the first half of 2023 but admitted that it was hard to predict.

The case is still ongoing with no clear sign of when it will end.

Source link

CEO clarity Crypto Optimistic Regulatory Ripple
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22

BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

2023-03-22

SkyBridge Capital CEO Anthony Scaramucci Says SEC Should Be Kept in Check With New Pro-Crypto Initiatives

2023-03-21

Belgium to introduce new crypto ad regulation

2023-03-21
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Vayner3 and Cheetos Launch “Chesterville” in Horizon Worlds Metaverse

2022-10-19

Warner Music Group Partners with The Sandbox To Enter The Metaverse

2022-03-06

Bank of Japan official calls for G7 nations to adopt common crypto regulations

2022-04-01

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,707.00-2.40%
  • ethereumEthereum(ETH)$1,758.58-3.04%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.010.15%
  • binancecoinBNB(BNB)$324.30-4.36%
  • usd-coinUSD Coin(USDC)$1.010.26%
  • rippleXRP(XRP)$0.429416-8.31%
  • cardanoCardano(ADA)$0.364053-5.03%
  • dogecoinDogecoin(DOGE)$0.075171-1.87%
  • Lido Staked EtherLido Staked Ether(STETH)$1,753.77-3.17%