In a bold move to reshape the course of the U.S. cryptocurrency landscape, Ripple is at the forefront of an industry-wide initiative. The goal is to throw support behind candidates advocating for innovation and responsible regulation in the upcoming 2024 U.S. election cycle. Brad Garlinghouse, the CEO of Ripple, shared an X post, commenting on the matter.
Team @Ripple is putting a stake in the ground, leading the charge with other industry leaders to support pro-innovation and pro-crypto candidates in the 2024 US election cycle. The US cannot afford to continue taking a back seat on the global stage.
— Brad Garlinghouse (@bgarlinghouse) December 18, 2023
Regulatory overreach (esp from… https://t.co/hpkqNf7Y99
Ripple, a prominent player in the crypto space, underscored the urgent need for the United States to reclaim its leadership position on the global stage. The company raised concerns about regulatory overreach, particularly from the SEC, emphasizing its detrimental impact on the country’s direction. Ripple, along with industry peers, stressed that other nations are taking advantage of the lack of decisive U.S. leadership, posing a threat to the nation’s competitiveness in the rapidly evolving crypto market.
Looking ahead to 2024, Ripple asserted that it is time to return to first principles. The focus is on encouraging initiatives that prioritize transparency, innovation, and a compliance-first approach. Ripple envisions a regulatory environment that fosters responsible growth, ensuring the U.S. remains a trailblazer in crypto innovation.
With the 2024 election cycle on the horizon, Ripple and its counterparts urge the crypto community to rally behind leaders who comprehend the intricacies of the industry. The call is to elect individuals committed to championing innovation, establishing responsible regulatory frameworks, and positioning the U.S. as a leader in the global crypto landscape.
Ripple’s proactive stance sends a clear signal: the crypto industry requires leaders who won’t miss the opportunity presented in 2024. Team Ripple is dedicated to supporting candidates aligned with the principles of transparency, innovation, and responsible regulation, securing a promising future for the U.S. crypto industry.
As the industry gears up for the elections, Ripple’s move sets a precedent, encouraging active participation and strategic support for candidates poised to shape the future of crypto in the United States.
James K. Filan, a defense lawyer, recently shared some interesting information on Twitter, regarding Ripple’s Chief Legal Officer, Stuart Alderoty’s three predictions on policy and U.S. cryptocurrency regulation for the year 2024. This tweet was part of Ripple’s 2024 Predictions series, where company leaders offer their insights on the future of the cryptocurrency landscape.
