Ripple (XRP) News: Ripple CEO Brad Garlinghouse on Thursday detailed the state of crypto regulation in different parts of the world. Garlinghouse emphasized the importance of finding the right balance for cryptocurrencies in terms of codifying rules and imposing regulations. He said it is highly unlikely that Ripple is operating in an unregulated area. Earlier, Ripple’s CEO criticized his SEC actions. XRP litigation Saying that the way the regulatory body operates is embarrassing.
How far crypto is from regulation
Ripple’s CEO explained that there is a need to define secure practices to follow in the field of crypto regulation. He cites his UAE work on codifying regulatory scope as an example. Garlinghouse is world economic forum at Davos. He also explained how close Ripple is to being regulated because its customers as a cross-border payment platform are banks.
“The UAE has been working to codify what the regulations are. The challenge is that many players in the crypto space want to be good actors. must be.”
Meanwhile, cryptocurrency prices have continued to regain value since the beginning of January 2023. At the time of writing, the price of XRP is $0.393, up 3.25% over the last 24 hours. Meanwhile, the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple is in the final stages as the community awaits a final verdict.
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.