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Legislation Sparks a Call to Action: Crypto Leaders Urge for Supportive Ripple Policies

Ripple's CEO, Brad Garlinghouse, recently emphasized the need for swift legislative action from Congress to foster a supportive environment for crypto growth in the U.S.

Speaking at a Senate Committee hearing, Garlinghouse highlighted the potential of clear regulations to position the U.S. as a leading hub for digital asset innovation.

He pointed out that over 55 million Americans are already engaged in the crypto space, contributing significantly to a $3.4 trillion market.

Garlinghouse outlined key legislative priorities, such as clarifying agency jurisdiction and ensuring regulatory frameworks that protect investors while encouraging innovation.

He stressed that the U.S. possesses essential resources, including advanced technical talent and deep capital markets, necessary for leading in blockchain technology.

A recent court victory affirmed that XRP is not classified as a security, affirming Ripple's compliance-focused approach.

Garlinghouse believes that robust market structure legislation will boost U.S. competitiveness while enhancing transaction efficiencies for consumers and businesses alike.

His urgent plea to lawmakers also reflects a broader sentiment within the crypto industry advocating for comprehensive regulation.

The ripple effects of such legislation could transform the landscape of digital assets in America, unlocking new economic opportunities.

As Ripple advances with its plans for stablecoins and cross-border payment solutions, the call for legislative action becomes increasingly critical in shaping the future of the crypto economy.