<\/span><\/h2>\nThis announcement comes on the heels of Garlinghouse\u2019s recent interview on CBS\u2019s \u201c60 Minutes,\u201d where he called for clearer regulations in the cryptocurrency sector.<\/p>\n
The CEO highlighted the necessity of establishing \u201cclear rules of the road\u201d to help maintain the United States\u2019 position as a leader in the crypto space and to avert the industry\u2019s shift to areas with lax regulations. \u201cWe\u2019ve asked to be regulated. Just give us clear rules of the road,\u201d he asserted.<\/p>\n
During the interview, Garlinghouse also reflected on the political climate, specifically President-elect Donald Trump\u2019s evolving views on Bitcoin. He humorously remarked, \u201cWhether or not it\u2019s a conflict of interest, the voters have knowingly said we want this person to be our president.\u201d<\/p>\n
Moreover, he commended bipartisan efforts in Congress, especially the Fit 21 bill, which he views as a significant advancement toward establishing a fair regulatory environment.<\/p>\n
This bill intends to shift some regulatory responsibilities from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC), which could alleviate some regulatory pressures on cryptocurrency firms.<\/p>\n
In response to ongoing discussions about the XRP case, Garlinghouse addressed allegations concerning Ripple\u2019s XRP sales being classified as unregistered securities. He confidently stated, \u201cI believe I am quite knowledgeable about what constitutes security. So I never considered the notion that XRP may be a security.\u201d<\/p>\n
<\/p>\n
As of now, XRP is trading at $2.26, representing a 12% decline over the past week following a peak price of $2.91 on December 3.<\/p>\n
Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
On Tuesday, Brad Garlinghouse, the CEO of Ripple, announced that the New York State Department of Financial Services (NYSDFS) has officially approved the company\u2019s first stablecoin, RLUSD. Ripple Launching Stablecoin With RLUSD, Ripple aims to offer a stable alternative for customers interested in digital currencies, minimizing the volatility often linked to its main asset, XRP. […]<\/p>\n","protected":false},"author":14,"featured_media":24509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Ripple\u2019s CEO Unveils NY Regulator Green Light for RLUSD Stablecoin - Bitrabo","description":"On Tuesday, Brad Garlinghouse, the CEO of Ripple, announced that the New York State Department of Financial Services (NYSDFS) has officially approved the compan"},"footnotes":""},"categories":[316],"tags":[577,1246,576,1668,575,8979,1072,1955],"class_list":["post-24508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-announces","tag-approval","tag-ceo","tag-regulators","tag-ripple","tag-rlusd","tag-stablecoin","tag-york"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/24508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=24508"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/24508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/24509"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=24508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=24508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=24508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}