Ripple is committed to protecting the regulatory clarity XRP has achieved in the U.S. The company emphasizes transparency regarding its XRP holdings, contrasting it with the practices of other crypto projects.
What to Know:
- Ripple is committed to protecting the regulatory clarity XRP has achieved in the U.S.
- The company emphasizes transparency regarding its XRP holdings, contrasting it with the practices of other crypto projects.
- Ripple is actively involved in broader discussions on crypto regulation, advocating for comprehensive and clear frameworks.
Ripple CEO Brad Garlinghouse has affirmed that the company will not support any legislation that could jeopardize the legal clarity XRP has secured in the United States. Garlinghouse emphasized that this regulatory position is a hard-won milestone achieved through years of legal battles. Ripple aims to ensure this clarity benefits not only themselves but also the broader crypto industry.
Ripple sees XRP’s current status, recognized by a U.S. federal court as not being a security, as advantageous for the entire crypto sector. The primary concern for Ripple is the potential for future SEC administrations to reverse this progress. Garlinghouse highlighted the risk of a new SEC leadership attempting to initiate renewed lawsuits against XRP.
“Ripple is in a unique position. XRP has clarity. We already have a federal court saying XRP is not a security, so why would we support anything that calls that into question?”@bgarlinghouse, CEO of @Ripple pic.twitter.com/kF596eZHAF
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Garlinghouse also emphasized Ripple’s commitment to transparency, particularly regarding its XRP holdings. Ripple actively discloses the wallets it controls, providing the community and analysts with full visibility into on-chain movements. This approach contrasts with other crypto projects that often operate with greater secrecy.
Ripple’s efforts extend to broader discussions on crypto regulation, as demonstrated by its participation in a Senate Banking Committee roundtable alongside other industry players. There, Ripple, Kraken, Coinbase, and a16z represented the crypto industry, discussing potential crypto legislation. Monica Long, President of Ripple, expressed optimism about the progress of blockchain technology, which she views as a financial revolution hindered by regulatory delays.
With bipartisan support building and ongoing refinements to key legislative proposals, the industry anticipates significant regulatory advancements by 2026. Ripple’s dedication to clarity and transparency positions it as a key player in shaping the future of crypto regulation, ensuring a stable and innovative environment for XRP and the broader digital asset ecosystem.
Related: XRP Price: $12M Max Pain for Bears
Source: Original article
Quick Summary
Ripple is committed to protecting the regulatory clarity XRP has achieved in the U.S. The company emphasizes transparency regarding its XRP holdings, contrasting it with the practices of other crypto projects. Ripple is actively involved in broader discussions on crypto regulation, advocating for comprehensive and clear frameworks.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
