Ripple CEO Brad Garlinghouse is optimistic about the progress of the crypto instructions in the United States after contacting legislators in Washington, DC
In a post of 13 February on X, Garlinghouse shared that he met various policy makers in Washington, DC, including senators Tim Scott and Chuck Schumer and representatives French Hill, Ritchie Torres and Bill Huizenga.
According to him, the meeting emphasized a rare opportunity to promote two -part legislation that could create a well -defined regulatory framework for digital assets.
Garlinghouse described the discussions as promising and noted that legislators seem more open to regulations that support innovation and at the same time guarantee market stability.
Growing urge to regulatory clarity
Garlinghouse’s statement reflects the general feelings in the crypto industry, where great stakeholders believe that President Donald Trump’s government will herald a new era of development and progress for the emerging sector.
In addition, legislative efforts to determine more simple crypto laws have become strength, with recent policy movements that indicate a shift to structured supervision.
The congress has already taken steps in the direction of Crypto instructions, in particular in the Stablecoin sector. The House of Representatives promotes the transparency of the Stablecoin and the accountability for a Better Ledger Economy (Stable) ACT, while the Senate is working on the supervision and determination of national innovation for US Stablecoins (Genius) ACT.
These accounts propose license requirements, strategies for risk management and rules for reserve reserve for stablecoin -mittenten. However, the final result remains uncertain.
In the meantime, regulatory authorities such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) also work on Frameworks to balance economic growth with market integrity.
This is proven by Trump’s most important personnel agreements of pro-Crypto-individuals to lead the agencies. Former commissioner Paul Atkins is tapped to lead the sec, while Brian Qutenz has been selected to lead the CFTC.