Brad Garlinghouse expressed excitement regarding David Sacks advocating for clear regulations concerning digital assets like Bitcoin and XRP. He emphasized that this unified effort among congressional committee leaders signals substantial progress for crypto.
At the press conference, Sacks proposed the concept of a Bitcoin Strategic Reserve. His comments about stablecoins highlight their potential role in enhancing the U.S. Dollar’s stability and reducing long-term interest rates.
Garlinghouse criticized the SEC’s vague regulatory stance, which has led many crypto companies to leave the U.S. The collaboration between lawmakers and the crypto sector may suggest a forthcoming transformation in U.S. Crypto regulations.