Brad Garlinghouse expressed his optimism and hope for regulating crypto in the United States.
CEO of Ripple, Brad Garlinghouse, took to Twitter on the 118th Congress’ first day to write about the state of crypto’s regulation in the U.S. He claimed he was ‘cautiously optimistic’ about the year ahead despite stalled regulatory frameworks for crypto in the U.S. and further explained his thoughts in detail.
Naming a few Congressmen who had been proponents of crypto in the past, Garlinghouse mentioned that supporting crypto regulation was bipartisan and bicameral. Referring to the Securities Clarity Act and the Clarity for Digital Tokens Act, he agreed that the last bills have tried to address the issues regarding crypto but added, “No bill is perfect and there likely never will be one that satisfies everyone. But perfect shouldn’t be the enemy of progress – these proposals provide more than a starting point for debate in this new Congress. The stakes couldn’t be higher.”
His Twitter thread then explained why the lack of crypto regulation in the United States has led to unfortunate incidents while many countries like the U.K., Japan, the E.U., Brazil, and Singapore had detailed crypto frameworks. Garlinghouse ended the thread by stating that the 118th Congress had an opportunity to ensure that millions of Americans interested in crypto have access to a well-regulated industry. This would ensure innovation in the U.S. for decades ahead.