“100 % Grand Deal” – Ripple CEO defends the great press conference of Crypto CZAR on encryption legislation
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Brad Garlinghyus addressed the encryption community regarding The press conference attended by Crypto CZAR David Sachs. Leaders of the House of Representatives and the Senate were attended by banking services and financing.
They talked about the execution of Trump’s executive about the friendly organization of the encryption that will be implemented in the United States in a tweet, and Garinghouse responded to those in the encryption community who criticized this event and the issues discussed.
Crypto CZAR speech on future American support for digital assets
At the press conference, many Republican lawmakers, including those appointed by the president, attended part of the working group to create a possible regulatory framework for digital assets. David Sachs stated that the task is to create a plan for friendly legislation for encryption.
The goal is to support Blockchain and Crypto innovation in the United States and the companies that focused on this. Crypto CZAR stressed that, according to many founders of Crypto, to which it occurred over the past four years, the main issue was the lack of rules in this field. Moreover, SEC was trying many encryption companies without providing them with clarity with regard to encryption. Sometimes, Sacks said, so that people have been frozen their bank accounts just because they established an encryption company.
Therefore, many innovative companies in the field of digital assets have been expelled from the United States, and at the same time, Crypto Czar said that the priority now is to keep it on the beach instead of the beach because it is easier to organize it. In this regard, the bags referred to the dysfunctional FTX exchange now, which was based in the Bahamas, as the largest coding scores in history. He also said it is important for the United States to use digital assets to maintain the power of the US dollar around the world.
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Ripple CEO weighs critics
Brad Garlinghyus tweeted that those who criticize this work group and its goal. For all the CEO of Ripple, “Any criticism of the press conference today completely lacks the forest of trees.”
He called on the future list with clarity of encryption in this “100 % large deal (and something we have not seen before). Ripple has been among the companies that have suffered from SEC’s claim in the past four years.
