Garlinghouse’s contacts with US senators demonstrate an openness to progressive crypto-friendly policies.
Ripple CEO Brad Garlinghouse is hopeful about the advancement of cryptocurrency rules in the United States after meeting with politicians in Washington, D.C.
In a post on X on February 13, Garlinghouse mentioned that he spoke with various lawmakers in Washington, D.C., including Senators Tim Scott and Chuck Schumer, as well as Representatives French Hill, Ritchie Torres, and Bill Huizenga.
According to him, the conference highlighted a unique chance to pass bipartisan legislation that may result in a well-defined regulatory framework for digital assets.
Garlinghouse hailed the conversations as hopeful, saying that lawmakers were more willing to enact policies that promote innovation while maintaining market stability.
Growing demand for regulatory clarification
Garlinghouse’s comment mirrors prevailing attitudes in the crypto business, where significant stakeholders anticipate President Donald Trump‘s administration will usher in a new age of growth and success for the developing sector.
Furthermore, legislative initiatives to enact more transparent cryptocurrency legislation have gained traction, with recent policy changes indicating a trend toward formal oversight.
Congress has already made measures toward cryptocurrency regulation, notably in the stablecoin industry. The House of Representatives is moving forward with the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, while the Senate is working on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
These laws propose licensing requirements, risk management measures, and asset reserve regulations for stablecoin issuers. However, the conclusion is undetermined.
Meanwhile, regulatory authorities such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are developing frameworks to balance economic development and market integrity.
This is seen in Trump’s major staff appointments of pro-crypto persons to oversee agencies. Former SEC Commissioner Paul Atkins has been named chairman, while Brian Quintenz has been named chairman of the CFTC.
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