Following on from news of BNY Mellon partnering with XRP, Brad Garlinghouse was in Washington D.C. yesterday testifying. He made some strong points, and it is worth checking how his expectations continue to push the pro-crypto agenda in the U.S.:
Brad shared with the Senate Banking Committee in D.C. yesterday how smart legislation should be based on several core principles. He highlighted them:
- Consumers need protection from fraud and scams
- Markets need proper oversight
- Bad actors need to be kept in check
- And innovation must thrive
Brad added how principled and smart legislation should follow some critical goals:
- Set clear jurisdictional boundaries for our main financial regulators
- Set pathways for companies to build in the U.S. without sacrificing investor or consumer protections
- Ensure that the U.S. can be a global leader in crypto by taking full advantage of the benefits and efficiencies brought by digital assets and blockchain technologies
One of the Senators involved in the Committee Hearing is Elizabeth Warren. Disruptive is just one word that describes the Senator, and she didn’t disappoint yesterday when she attacked the idea of tokenized shares of companies.
For further details, Garlinghouse shared his full testimony on X: https://t.co/NHTh8wKQMc.
Author: Andy Samu
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
#XRP #Ripple #Crypto #Senate #Blockchain #Web3 #WallStreet
See Also:
BNY Mellon to be Custodian of Ripple’s Stablecoin | Disruption Banking
