Ripple CEO Drops Positive Updates – Crypto News – Crypto News
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Ripple CEO Drops Positive Updates – Crypto News

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XRP Lawsuit News: Brad Garlinghouse, CEO of Ripple on Friday shared some positive updates for the crypto industry amid increased scrutiny by the US Securities and Exchange Commission (SEC). However, both parties (Ripple and US SEC) are waiting for a Summary Judgment by the court in the XRP lawsuit.

Ripple CEO lists positive updates

Ripple CEO highlighted the current conditions of regulation framed against the crypto industry in the US However, he listed some of the positive global regulatory clarity developing amid the collapsing crypto market.

Garlinghouse mentioned Dubai’s approach of being tech forward. He stated that Dubai just published a large scale set of tech-agnostic rules for crypto market traders. This covers compliance standards, advertising, issuance, and more. Read More XRP Lawsuit News Here…

On the other hand, the Australian Treasury is looking to improve licensing and custody for digital assets. This will aim to support consumer protection. Australia published a token mapping consultation. However, the Australian government is looking for public input before updating existing rules.

He added that the UK HM Treasury issued new consultation reflects the intent of the nation to build proportionate rules for the crypto industry. While its framework will allow the firms to innovate while maintaining financial stability. These initiatives have created an opportunity for the UK to become a global crypto hub.

Ashish believes in Decentralization and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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