Ripple CEO "US as World Crypto Capital, a Realistic Strategy"

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Brad Garlinghouse, CEO of Ripple, emphasized that the concept of the US becoming the ‘world’s cryptocurrency capital’ is a realistic goal.

According to U.Today on September 4 (local time), Garlinghouse stated on X (formerly Twitter), “Making the US the world’s crypto capital is within reach. Let’s finish it.” He believes that despite ongoing uncertainties surrounding regulation and legislation, the US can emerge as a global hub for the cryptocurrency industry.

Garlinghouse’s remarks came after Michael Selig, Chairman of the US Commodity Futures Trading Commission (CFTC), mentioned a White House event. Selig said that US President Donald Trump invited key figures leading innovative industries in the US to the White House, adding that “the administration is working to ensure that a new frontier of finance is built in the US.”

The White House event took place on August 19. Attendees included Garlinghouse, Brian Armstrong (CEO of Coinbase), Vlad Tenev (CEO of Robinhood), and Arjun Sethi (co-CEO of Kraken). Paul Atkins (Chairman of the US Securities and Exchange Commission (SEC)) and Selig also attended.

At the event, the White House clearly articulated its policy direction that the US would maintain its leadership in the cryptocurrency and financial technology sectors. Trump also stated that the purpose of the event was to bring together key figures from finance, cryptocurrency, and technology. The ‘world’s cryptocurrency capital’ is also a concept that the White House has put forward as an official policy goal.

However, uncertainty is growing regarding the US cryptocurrency market structure bill, a key legislative task. The Senate is expected to hold its first vote on September 15, but the House’s session schedule thereafter is only four days. The cryptocurrency industry anticipates that there will be insufficient time to review and pass the Senate bill, and that the bill’s processing might be pushed to the lame-duck session after the midterm elections.

[Article Key Summary]

-Ripple CEO Brad Garlinghouse stated that the goal of making the US the world’s cryptocurrency capital is “within reach.”

-On August 19, the White House invited key figures from the cryptocurrency, finance, and technology industries to reaffirm the US’s commitment to securing industrial leadership.

-The US cryptocurrency market structure bill is expected to have its first Senate vote on September 15, but processing uncertainty remains due to the tight House schedule.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*