Ripple CEO Speaks Out——The 119th U.S. Congress is a Strong Driving Force for Cryptocurrency Development!!!
With the convening of the 119th U.S. Congress, Ripple CEO Brad Garlinghouse expressed strong optimism about this historic moment. He pointed out that this Congress has become the most supportive legislative body for digital assets in the history of cryptocurrency, with 298 bipartisan legislators joining the ranks in support of blockchain innovation. This change marks a significant shift in Washington's attitude towards the cryptocurrency industry.
The cryptocurrency advocacy organization Stand With Crypto also welcomed this progress and looks forward to collaborating with more supporters to promote the development of blockchain technology. Notably, political action committees (PACs) like Fairshake have raised over $200 million to support candidates friendly to innovation, reflecting the industry's determination to push for regulatory clarity and technological innovation.
One of the goals of this Congress is to advance the Financial Innovation and Technology Act of the 21st Century (FIT21) and the strategic Bitcoin reserve proposal introduced by Senator Cynthia Lummis, to ensure that the cryptocurrency market receives a clearer regulatory framework while curbing overly aggressive regulatory measures.
The cryptocurrency industry has reached an important turning point, and the legislative progress in the coming months will directly impact whether the U.S. can become a global leader in blockchain and cryptocurrency innovation. Let's stay tuned!
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