Ripple, Coinbase & Circle CEOs Unite: Seeking Clearer Crypto Regulations in the US
The call for clearer cryptocurrency regulations in the United States is growing louder, with major players like Ripple, Coinbase, and Circle taking center stage. Reputed crypto leaders and experts demand the upcoming US administration implement clearer crypto regulation policies. They warn that if the US fails to create a...
Crypto Leaders Voice Concerns over Regulatory Uncertainty
Ripple’s CEO Brad Garlinghouse and Coinbase’s Brian Armstrong veered in with their opinions. Brian Armstrong, the CEO of prominent crypto exchange Coinbase noted Ripple CEO Brad Garlinghouse and Circle CEO Jeremy Allaire supported Coinbase CEO that the lack of a proper regulatory framework in the U.S. has left users vulnerable and hindered innovation. Major players, including Coinbase and Ripple Labs, have long urged the government to establish clearer rules. These guidelines could help companies navigate the complex landscape and foster growth within the digital asset space.
Biden Administration Engages with Crypto Stakeholders
Advisers to the Biden administration recently had a conference call with top crypto stakeholders, including Ripple and Coinbase executives. During the Zoom call, discussions focused on the need for a more defined regulatory structure that balances consumer protection with innovation. The CEOs of Coinbase, Binance and Circle told CNBC they now see a clearer path toward securing some concrete rules on digital assetsunlike the previous ambiguity.
Ripple Takes Action, Submits Supplementary Letter to SEC
According to PANews, Ripple's Chief Legal Officer Stuart Alderoty has announced that the company has submitted a supplementary letter to the U.S. Securities and Exchange Commission (SEC), underscoring their commitment to regulatory compliance and advocating for a more transparent framework. This proactive approach demonstrates Ripple's desire to work constructively with regulators to establish a stable and predictable environment for the crypto industry.
The Path Forward: A Collaborative Approach to Crypto Regulation
The combined efforts of Ripple, Coinbase, Circle, and other industry leaders signal a strong desire for clear and consistent crypto regulations in the U.S. By engaging with government officials and actively advocating for a more defined framework, these companies are paving the way for a future where digital assets can thrive while safeguarding consumer interests.