Ripple’s CEO Urges U.S. to Lead in Blockchain Amid Regulatory Challenges
Despite facing regulatory hurdles and a new lawsuit, Ripple CEO Brad Garlinghouse remains steadfast in his mission to make the United States a global leader in blockchain technology and cryptocurrencies.
A well-known Ripple enthusiast, Jack The Rippler, shared a snippet from Garlinghouse’s CNBC interview, where the CEO expressed concerns about the resistance the U.S. government has shown towards the crypto sector. Garlinghouse believes that the U.S. is lagging behind in Washington and needs to catch up to the rest of the world.
In the interview, Garlinghouse highlighted the defensive position the crypto industry finds itself in, attributing it to a lack of understanding among lawmakers. He emphasized that the ignorance of U.S. politicians about the crypto business is a significant obstacle that hinders the sector’s growth.
Garlinghouse even suggested that some government representatives may be intentionally working against the crypto sector, aiming to impede its progress. This resistance, he believes, is a deliberate attempt to obstruct the industry’s development.
Despite these challenges, XRP, Ripple’s native cryptocurrency, has shown resilience in the market. As of now, XRP is valued at approximately $0.4846, with a slight decrease of 0.76% in the past 24 hours. However, it has experienced an overall increase of 1.24% over the last seven days, indicating a bullish trend.
Earlier, CNF reported that a potential settlement in the ongoing Ripple v. SEC lawsuit appeared to be on the horizon. It is now speculated that the SEC may not appeal Judge Analisa Torres’s recent partial ruling in favor of Ripple Labs, suggesting a potential resolution to the case.
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