Ripple CEO Brad Garlinghouse recently met with U.S. lawmakers in Washington, D.C., to push for clearer cryptocurrency regulations. He highlighted the growing bipartisan support for digital asset legislation and expressed optimism about advancing constructive regulatory frameworks.
While he did not disclose specific details, Garlinghouse confirmed discussions with key political figures, including Senator Tim Scott and Representative Ritchie Torres. This bipartisan involvement signals a potential shift toward structured regulations, which could provide greater transparency for the crypto industry.
XRP Surges Amid Regulatory Developments
In response to recent regulatory news, XRP’s price surged by 8.56%, climbing from $2.55650 to $2.77664 before stabilizing at $2.74107. This upward trend coincided with Bitcoin’s rally, where BTC gained 1.8% to reach $97,040 in just 14 hours.
A major factor behind XRP’s price jump was the SEC’s approval of an XRP exchange-traded fund (ETF) application. This marks a significant regulatory milestone, potentially boosting institutional interest and market confidence in XRP.
What This Means for Crypto Regulations
Analysts suggest that ongoing discussions between lawmakers and industry leaders indicate a growing effort to create standardized digital asset regulations. As regulatory clarity improves, the crypto market could see increased investor confidence and long-term stability.
Garlinghouse’s efforts to engage with policymakers highlight the importance of clear regulations in shaping the future of cryptocurrencies in the U.S. As these frameworks develop, investors and industry participants will closely monitor their impact on the broader market.
Conclusion
With bipartisan discussions underway and regulatory advancements like the XRP ETF approval, the crypto industry is moving toward greater clarity. As Ripple’s leadership continues engaging with lawmakers, investors remain optimistic about the future of crypto regulation and market growth.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.