Emphasis on clearer regulations: Ripple CEO Brad Garlinghouse stresses the importance of clear regulations for the crypto industry. He believes that well-defined rules can foster both innovation and market stability. This approach aims to ensure Ripple’s compliance while facilitating technological advancements for the digital finance sector.
XRP’s growth in global payments: Garlinghouse highlights XRP’s significant role in global payments. XRP reduces transaction costs and accelerates money transfers across borders. This advancement makes Ripple’s payment system more efficient, helping to reshape how financial assets are handled globally, enhancing the speed and lowering the cost of these transactions.
Progressive regulatory steps: The passage of the FIT 21 Bill by the U.S. House of Representatives marks a step towards a proper framework for digital asset regulation. This bill aims to support responsible growth in the industry. Despite skepticism and legal challenges, Ripple actively funds pro-crypto political initiatives, showing a commitment to shaping favorable regulations.