DAVOS – CEO Brad Garlinghouse, talking on the World Financial Discussion board right now, expressed criticism of the U.S. Securities and Trade Fee’s (SEC) dealing with of cryptocurrency regulation. In a collection of discussions, together with interviews with Fox Enterprise and CNBC, Garlinghouse highlighted the SEC’s desire for enforcement actions slightly than establishing clear regulatory frameworks, citing Ripple as a first-rate instance of the company’s method.
Garlinghouse contrasted the SEC’s technique with that of the European Union, noting that EU international locations are advancing within the creation of clear cryptocurrency laws and licensing frameworks. He emphasised the SEC’s inconsistency, stating their approval of ETFs whereas different features of the crypto sector stay in a regulatory gray space.
The Ripple CEO additionally mentioned the potential advantages of blockchain know-how, notably its potential to reinforce international cost programs. He underscored Ripple’s contribution to blockchain options, particularly for cross-border settlements, and famous that almost all of Ripple’s prospects are based mostly outdoors the USA.
Garlinghouse’s feedback on the prestigious annual assembly in Davos mirror ongoing tensions between the cryptocurrency trade and regulatory our bodies, as corporations like Ripple search readability in an evolving digital monetary panorama.
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