Ripple CEO Brad Garlinghouse Commends Congress for the Goodwill in Regulating Crypto Market
2025-07-10 07:28:41
Main Idea
Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee, advocating for proper crypto oversight to position the U.S. as a global blockchain leader and criticizing the SEC's past regulatory approach.
Key Points
1. Brad Garlinghouse emphasized the need for clear crypto regulations to expand financial market access, create jobs, and boost the economy.
2. He criticized former SEC Chair Gary Gensler for demonizing the crypto industry and urged current regulators to adopt constructive policies.
3. Garlinghouse highlighted Ripple's legal victory against the SEC, where the court ruled XRP sales on exchanges were not securities.
4. He commended Congress for recognizing the importance of crypto technology and fostering a more supportive regulatory environment.
Description
Garlinghouse highlighted that smart crypto regulations are key to realizing the future of Web3 in the U.S. Ripple CEO commended Congress for kickstarting crypto regulations, unlike the Gary Gensler era. Enhanced clear crypto regulatory outlook in the U.S. has bolstered mainstream adoption. Ripple Labs CEO, Brad Garlinghouse, testified before the United States Senate Committee on Banking, Housing, and Urban Affairs on Wednesday, July 10. Garlinghouse told the committee that “smart” legislation fo...
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