web3: Ripple CEO claims that the outcome of the CLARITY legislation will not change the growth of encryption
CoinPedia
09-16 00:45
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Ripple CEO states that the outcome of the CLARITY legislation will not stop the growth of the crypto industry, and criticizes the fact that U.S. crypto regulation lags behind that of other G20 countries.
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Ripple CEO Brad Garlinghouse stated at a digital assets event in Kansas City that he supports the CLARITY bill in the United States, but the ultimate outcome of this bill will not determine whether the crypto industry can continue to expand.

The legislative outcome is not the only variable.

In his view, the competitiveness of the technology itself is the more fundamental factor. According to him, when a technology has advantages in terms of efficiency, speed, and performance, it tends to be more widely adopted, yet the existing financial infrastructure has not kept up with such changes.

Criticizing the United States for being behind other G20 countries

Gallinhaus also pointed out that many other G20 countries have already established regulatory frameworks for cryptocurrencies, while the United States is still slow to move forward on this issue. He questioned why the U.S. would risk losing its technological leadership by allowing other countries to seize these development opportunities.

Regulatory clarity remains a topic of concern.

CLARITY Recently, this legislation has continued to attract attention from the industry, as there is a hope that the United States will provide clearer regulatory boundaries for digital assets. The focus of Garlinghaus's statement this time is not to downplay the significance of the legislation, but rather to emphasize that even if policy progress falls short of expectations, crypto technology and related applications may still continue to develop.

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