Brad Garlinghouse Engages with Lawmakers in Washington, D.C.
Ripple CEO Brad Garlinghouse recently met with several policymakers in Washington, D.C., including Senators Tim Scott and Chuck Schumer and Representatives French Hill, Ritchie Torres, and Bill Huizenga. During these meetings, there was a focus on advancing bipartisan legislation to create a regulatory framework for digital assets.
Optimism for Regulatory Progress
Garlinghouse expressed optimism about the progress of crypto regulations in the United States, highlighting the willingness of lawmakers to support innovation while ensuring market stability. This positive outlook is in line with the sentiments of the broader crypto industry, which anticipates a new era of development under President Donald Trump’s administration.
Legislative Efforts and Policy Moves
Congress has been actively working on crypto regulations, particularly in the stablecoin sector. The introduction of bills like the STABLE Act and the GENIUS Act demonstrates a push towards more structured oversight in the industry. These bills propose licensing requirements, risk management strategies, and asset reserve rules for stablecoin issuers.
Regulatory Bodies Working Towards Balance
Regulatory bodies like the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are also developing frameworks to balance economic growth with market integrity. Key personnel appointments, such as Paul Atkins leading the SEC and Brian Quintenz heading the CFTC, signal a pro-crypto stance within these agencies.
