Ripple CEO Optimistic About Achieving Crypto Regulatory Clarity in U.S. in 2023

Ripple CEO Brad Garlinghouse has voiced his optimism astir the prospects of achieving regulatory clarity for cryptocurrency successful the US successful 2023 successful a caller Twitter thread.      

Commenting connected the archetypal time of the 118th Congress, Garlinghouse pointed to bills specified arsenic the Securities Clarity Act, the Cryptocurrency Facilitation for Investors and Digital Assets Act (RFIA), and the Clarification for Digital Tokens Act. 

While nary measure has been capable to fulfill everyone's expectations truthful far, Garlinghouse believes that this could beryllium seen arsenic an accidental alternatively than a hindrance – these proposals tin supply much than a starting constituent for statement successful Congress.

Garlinghouse mentioned that different countries person established crypto frameworks, similar Singapore, the EU, Brazil, and Japan, which are up of those successful the US successful presumption of authorities and regulation. The deficiency of coordinated standards globally is forcing businesses to places with little barriers, sometimes with disastrous consequences.

Countries with much broad regulations are luring cryptocurrency businesses distant from the U.S.

It remains to beryllium seen whether 2023 turns retired to beryllium the defining twelvemonth for crypto regularisation present that immoderate lawmakers calling for cracking down connected crypto successful airy of the FTX collapse.