Transitions and Trends in the Crypto Regulatory and Investment Landscapes
by aria-crypto.com
November 21, 2024 at 11:11
Transitions and Trends in the Crypto Regulatory and Investment Landscapes
Donald Trump's recent election victory has spurred optimism among stakeholders in the cryptocurrency industry, particularly Ripple Labs. Brad Garlinghouse, CEO of Ripple Labs, expressed hope for a reform in U.S. crypto regulation under Trump, foreseeing a shift towards a more favorable environment for cryptocurrencies like XRP, which saw a significant price increase shortly after the elections. The intended regulatory reforms aim to support innovations and could potentially correct inefficient existing frameworks applied by bodies like the SEC. This approach could enhance Ripple's operations, especially given that a major portion of its business currently operates outside the U.S. due to regulatory challenges. Garlinghouse also highlighted in discussions the potential of the U.S. becoming a central hub for digital assets and blockchain technology, aligning with visions shared during private meetings with other leaders like Coinbase's CEO. This evolving regulatory and operational landscape in the U.S. underlines the broader implications of political shifts on the crypto industry as it continues to mature and intersect with traditional regulatory structures.
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