1 year ago
Ripple (XRP) CEO Brad Garlinghouse met with unnamed members of the U.S. Congress connected Sept. 19 to sermon issues astir regulatory clarity of the crypto industry.
In a Sept. 19 post connected societal media level X (formerly Twitter), Garlinghouse revealed that helium was successful Washington, D.C., alongside different apical executives of the crypto company, including Stuart Alderoty, to prosecute with the lawmakers.
“Back successful D.C. contiguous to conscionable with members of Congress,” Garlinghouse said. “Can’t get regulatory clarity without really engaging with the elected officials who are proposing bills!”
Garlinghouse did not supply names of the lawmakers they met oregon further details of their discussions.
Meanwhile,
Ripple’s Chief Legal Officer Stuart Alderoty via an X post besides confirmed a sojourn to the U.S. Supreme Court. According to him, portion waiting for regulatory clarity, checks and balances should not beryllium abandoned.
“While the manufacture waits for legislative clarity from Congress, we should ever beryllium capable to number connected checks and balances.”
Visits SEC office
In a abstracted post, Garlinghouse posted a representation of himself and Aldeorty astatine the beforehand of the U.S. Securities and Exchange Commission (SEC).
Garlinghouse’s station stated that the Ripple executives did not conscionable SEC Chairman Gary Gensler. However, it is unclear if they met with immoderate different authoritative from the Commission.
Meanwhile, the now-viral station has amassed much than 10,000 likes and has been viewed implicit 755,000 times connected the X level wrong the past 13 hours.
US regulatory effort
Garlinghouse’s beingness successful D.C. followed the firm’s partial victory against the SEC successful July erstwhile Judge Analisa Torres ruled that Ripple’s merchantability of XRP to the wide nationalist and its token distributions bash not represent an connection and merchantability of an concern contract. The fiscal regulator has moved for an interlocutory appeal of the crypto firm’s victory.
Meanwhile, the U.S. regulatory situation for the emerging manufacture remains mostly hazy. Financial regulators, the SEC, and the Commodity Futures Trading Commission (CFTC) person brought respective enforcement actions against large crypto companies similar Binance and Coinbase.
Additionally, respective U.S. lawmakers are moving connected different legislations designed to supply regulatory clarity for the integer assets space. Recently, Senator Elizabeth Warren’s bipartisan cryptocurrency anti-money laundering measure gained backing from different lawmakers.
The station Ripple CEO takes crypto regulatory clarity combat to Washington appeared archetypal connected CryptoSlate.
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