- Garlinghouse from Ripple said the passage of the CLARITY Act is becoming increasingly likely.
- An expert called the joint statement by the US Securities and Exchange Commission and the Commodity Futures Trading Commission an important step in regulating cryptocurrencies.
CEO of the company Ripple Brad Garlinghouse believes the protracted fight over the CLARITY Act is nearing its end. He said: said, speaking at the Semafor economic forum.
When people reach the limit of their dissatisfaction, they finally compromise and things move forward, the CEO said. Ripple.
According to Garlinghouse, the joint decision by the US Securities and Exchange Commission and the Commodity Futures Trading Commission has changed the approach to cryptocurrency regulation. As a reminder, on March 17, the agencies agreed to classify Bitcoin, эфириум, XRP and 13 other altcoins as digital commodities. Brad called this move “truly revolutionary,” as it puts an end to the era of lawsuits against the crypto industry.
What happened two weeks ago, when the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint statement, was truly revolutionary in many ways. In my view, it ended an era of litigation against an industry that had proven to be in violation of the law. сказал Garlinghouse.
He also noted that political sentiment toward cryptocurrencies is changing, so opposing cryptocurrencies is no longer the most profitable strategy for legislators.
There is reason to believe that not all members of the crypto community will share Garlinghouse’s enthusiasm. Most likely, Charles Hoskinson will express his critical opinion regarding the adoption of the law, which, as he considers, will block crypto innovation in the United States.
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