Ripple and Coinbase are two cryptocurrency giants in the United States. Faced with unclear and restrictive crypto regulations, these companies have engaged in a fight against the SEC by taking decisive action. Ripple has appointed a White House veteran to lead its public policies. Coinbase is mobilizing the crypto community to defend regulatory change.
Ripple and Coinbase rally for crypto regulation
Ripple and Coinbase unite to face regulatory challenges which weigh on the crypto industry. This initiative comes at a time when strict and ambiguous regulations in the United States find themselves at the center of concerns for crypto companies.
Ripple just name Lauren Belive as responsible for public and government policies. This former White House employee served during the Barack Obama administration. Thanks to his experiences, Belive will bring valuable expertise to Ripple. His role will be to lead the crypto company’s engagement in the evolving regulatory landscape in Washington and nationally.
For its part, Coinbase has engaged in the crypto fight by organizing a meeting on September 27 in Washington DC. This meeting brought together:
- innovators,
- entrepreneurs,
- developers,
- legislators,
- government officials.
The theme of the “Stand With Crypto” meeting was “A Call to Action: Mobilize the 52 million crypto owners into an army of one million advocates for change”. Coinbase hear this way raise awareness among the crypto community to defend their interests.
For more open and participatory regulation of cryptocurrency
Several market players agree: Current crypto regulations in the United States are strict and unclear. This regulatory vagueness puts off and scares away many crypto companies. Some crypto analysts even fear that this situation will harm innovation and national competitiveness.
Concretely, Ripple and Coinbase challenge the current approach focused solely on law enforcement. According to them, this endangers U.S. jobs, innovation and global leadership in the field of cryptocurrency. In comparison, countries such as Hong Kong are adopting (admittedly strict) cryptocurrency-friendly regulatory frameworks.
By joining forces, Coinbase and Ripple are therefore expressing their desire to promote more transparent and sensible crypto regulation.
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service daily and weekly so you don’t miss anything of the Tremplin.io essentials!
