Ripple CEO Urges Congress to Pass Swift Legislation for Explosive Crypto Growth
2025-07-14 00:33:54
Main Idea
Ripple CEO Brad Garlinghouse urges U.S. Congress to pass swift crypto legislation to position the U.S. as a global blockchain hub and enhance competitiveness in the crypto economy.
Key Points
1. Ripple CEO Brad Garlinghouse emphasized the need for robust crypto legislation to solidify the U.S. as a leader in blockchain technology during a Senate Committee hearing.
2. Garlinghouse highlighted Ripple's 2023 court victory, which ruled that XRP is not a security, as a significant milestone for the crypto industry.
3. He noted that Ripple operates on a compliance-first model and uses the decentralized XRP Ledger for global payments.
4. Garlinghouse called for urgent legislative action to unlock efficiencies and boost U.S. competitiveness in the crypto market.
5. The U.S. crypto economy contributes to a $3.4 trillion market, leveraging the country's deep capital markets and advanced technology.
Description
Game-changing crypto regulation could cement U.S. dominance in blockchain innovation, driving explosive growth and global leadership in digital assets. Ripple CEO Calls for Urgent US Crypto Legislation Robust legislation could decisively position the U.S. as the global hub for digital asset innovation while protecting consumers and revitalizing financial infrastructure, Ripple CEO Brad Garlinghouse told lawmakers.
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