- Payments giant Ripple seeks to work with the Congress and regulators on smart cryptocurrency regulation.
- Ripple executives believe that the crypto sector is not the wild west; several entities in crypto seek to work proactively with regulators.
- Ripple continues uptrend; analysts identify buy opportunities before altcoin’s price hits $1.06.
Ripple executives believe that cryptocurrency is not the “wild west,” unlike SEC Chair Gary Gensler’s view. The payments giant is in the middle of its lawsuit with the SEC, and it has offered to collaborate with Congress and work on smart cryptocurrency regulation.
Payment giant Ripple seeks to work with the Congress
As the Securities and Exchange Commission proceedings against Ripple continue, the payments giant has proposed collaborating with Congress on cryptocurrency regulation.
SEC Chair Gary Gensler said that the cryptocurrency sector is the “Wild wild west,” but Ripple holds the opposite view. Ripple’s Head of Public Policy, Susan Friedman, has noted that cryptocurrency entities proactively seek to work towards regulation.
The payments giant has offered to work with Congress in developing smart cryptocurrency regulation that fosters innovation in the industry while protecting investor funds.
While we understand the concern expressed by Sen. Warren, Russia actually faces some pretty big obstacles in using crypto to bypass sanctions https://t.co/Asi9N6UToS https://t.co/xW0tBRxH3n
— Susan Friedman (@ss_friedman) March 1, 2022
