Ripple CEO Warns Against New Cryptocurrency Legislation
Ripple CEO Brad Garlinghouse has issued a strong warning against the CLARITY Act, a proposed U.S. federal cryptocurrency regulation bill. The bill, which divides regulatory jurisdiction between the SEC and CFTC, faces delays in the Senate due to disagreements over stablecoin rewards. The situation has raised concerns among major banking groups.
Tickers: $XRP
Topics: CFTC CLARITY Act cryptocurrency regulation Ripple SEC stablecoins