• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Garlinghouse on Crypto Regulation: The Need for Clear Rules in the Market

user avatar

by Giorgi Kostiuk

10 hours ago


At recent U.S. Senate hearings, Ripple CEO Brad Garlinghouse spoke in favor of the need for clear regulations in the cryptocurrency market.

Senate Testimony

Garlinghouse discussed with lawmakers the importance of establishing clear rules for the cryptocurrency market. He emphasized that educating Congress on how crypto works is a positive step.

Call for Clear Rules

Garlinghouse pointed out the challenges Ripple faced during its lengthy legal battle with the SEC. He warned that unclear rules have pushed crypto companies and jobs out of the U.S. "For the past decade, legal and regulatory uncertainty around crypto in the U.S. has blocked meaningful progress. We saw firsthand how unclear rules can be weaponized to target good actors. This drives technology, jobs, and tax dollars offshore, reducing oversight and increasing risks for consumers," he said.

Garlinghouse's Reaction After Hearings

In a social media post after the hearings, Garlinghouse thanked the Senate Banking Committee for holding the hearing. He expressed hope that the U.S. can still develop smart, fair laws that are suitable for the crypto industry.

Brad Garlinghouse's remarks highlight a growing recognition of the need for cryptocurrency market regulation. He is hopeful that legislative changes will help restore the U.S. competitive edge in this sector.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Recent Drop of the US Dollar and Its Impact on Global Finance

chest

Exploring the reasons behind the recent drop of the US Dollar and its effects on currency and crypto markets.

user avatarGiorgi Kostiuk

Shiba Inu (SHIB) Reaches New Levels, Showing Strong Growth

chest

Shiba Inu (SHIB) has surpassed $0.0000125, signaling a rise in interest among traders and token accumulation.

user avatarGiorgi Kostiuk

Cryptocurrency Market Recovers, SUI Gains Popularity with 9.74% Rise

chest

The cryptocurrency market shows positive dynamics, with SUI rising by 9.74% and reaching $3.20.

user avatarGiorgi Kostiuk

Dogwifhat (WIF) Exhibits Strong Upward Trends and Trading Volume Growth

chest

Dogwifhat (WIF) has risen 14% in the last 24 hours, reflecting increased trader interest and strengthening technical indicators.

user avatarGiorgi Kostiuk

Bitcoin Hits New Record Due to U.S. Demand

chest

Bitcoin reached a new all-time high of $112,014 driven by high demand from American investors.

user avatarGiorgi Kostiuk

Bitget Burns 30 Million BGB Tokens Worth $138 Million

chest

Bitget burns 30 million BGB tokens, enhancing their value and scarcity. This is the largest token burn in the company's history.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.