24/7 Cryptocurrency News

Ripple CEO: Why US Crypto Ecosystem Is Unlike EU, G20 Groups?

Ripple CEO Brad Garlinghouse asked why the administration in the United States was not keen on setting rules for crypto industry.
Published by
Ripple CEO: Why US Crypto Ecosystem Is Unlike EU, G20 Groups?

XRP News: Amid much turbulence in the crypto ecosystem, Ripple CEO Brad Garlinghouse said there was a need to rebuild trust in the industry after recent hiccups. Even as the crypto market experiences another setback in the form of Silvergate crisis, Garlinghouse said the FTX collapse and Terra fiasco brought in the need for rebuilding trust through both utility and transparency. While the XRP SEC lawsuit appears to be close to reach a logical conclusion with the Summary Judgement, the crypto regulatory scenario in the US is far complex than it is in most developed countries. But rebuilding trust in crypto market is the only way forward to make things easier in the US.

Also Read: Grayscale’s GBTC Discount Narrows Further As Judges Grill SEC Argument

Advertisement

SEC’s War On Crypto

The Ripple CEO acknowledged the recent rise in challenges for the crypto market. As with most industry experts, Garlinghouse said there was no framework to follow SEC Chair Gary Gensler’s calls of coming forward to register. He said there was no infrastructure in place for a ‘registered token’ to trade. Also, there is no clarity as to what the tokens actually are, stating that the SEC had virtually declared war on crypto. In the recent times, companies like Kraken and Paxos faced the brunt of SEC’s enforcement actions.

“If you want to regulate, then regulate. Put in the hard work to build a framework and set guidance, as so many other G20 countries are already doing.”

Taking the example of G20 group of countries and the EU group, the Ripple CEO asked what was stopping the US administration from setting rules.

Also Read: With Growing Speculation Of 50bps Rate Hike, Is A Crypto Crash Incoming?

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Zcash (ZEC) Extends Rally Above $200 as Privacy Narrative Gains Reflexive Momentum

Zcash (ZEC) now trades above $200. The rally reflects a reflexive surge in investor belief,…

October 10, 2025
  • 24/7 Cryptocurrency News

Pump.fun Rival Zora Rallies Over 30% Following Robinhood Listing

Zora, Coinbase-based creator economy platform, has been listed on Robinhood. This also highlights its increased…

October 9, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Lists XRP Among Shorts Amid Crypto Market Crash

Veteran trader Peter Brandt has doubled down on his bearish XRP prediction. This time, he…

October 9, 2025
  • 24/7 Cryptocurrency News

Fed’s John Williams Backs More Rate Cuts This Year Amid Labor Market Concerns

New York Fed President John Williams has shown his support for additional Fed rate cuts…

October 9, 2025
  • Bitcoin News

Bitcoin Edges Higher as Fed Chair Jerome Powell Fails to Comment on Monetary Policy

The Bitcoin price is up today, after a significant drop in the last 24 hours.…

October 9, 2025
  • 24/7 Cryptocurrency News

Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH

Flare Network has recorded over $43 million worth of XRP now bridged onto its blockchain.…

October 9, 2025