Crypto Isn\'t the Wild West: Ripple CEO Explains Regulatory Landscape
Is crypto still the "Wild West"? Ripple CEO Brad Garlinghouse believes the narrative is changing, pushing back against claims of unregulated chaos. He argues that responsible players are emerging, seeking clarity and compliance amidst evolving regulatory frameworks, particularly in the United States.Brad Garlinghouse, CEO of Ripple Labs, has claimed the United States Securities and Exchange Commission, or SEC, has inconsistently imposed regulations on the crypto industry, hindering innovation and creating uncertainty. This inconsistent application makes it difficult for businesses to navigate the regulatory environment effectively.
Ripple\'s Battle for Regulatory Clarity
Ripple\'s own legal battles with the SEC have been a central point in the debate surrounding crypto regulation. In a recent one-minute video posted on X, Ripple’s Chief Legal Officer, Stuart Alderoty, explained why the case was finally dropped. Alderoty summed up six years of legal back-and-forth, highlighting the complexities and frustrations faced by crypto companies seeking clear guidelines.David Schwartz, the Ripple chief technology officer (CTO) and cofounder of the XRP Ledger, has published a post to share his take on how the crypto movement has progressed. Schwartz emphasizes the shift towards greater maturity and a growing recognition of the need for regulation.