The post ‘100% Big Deal’ – Ripple CEO Defends Crypto Czar’s Big Press Conference On Crypto Legislation appeared on BitcoinEthereumNews.com.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Brad Garlinghouse addressed the crypto community regarding the press conference attended by Crypto Czar David Sacks. Leaders of the House and Senate committees on banking and finance were present. They talked about the execution of Trump’s executive order about crypto-friendly regulation to be implemented in the U.S. In his tweet, Garlinghouse responded to those in the crypto community who has been criticizing that event and the issues discussed. Crypto czar’s speech on future U.S. support of digital assets At the press conference, many Republican lawmakers were present, including those appointed by the president to be part of the working group on creating a potential regulatory framework for digital assets. David Sacks stated that the task is to create a plan for crypto-friendly legislation. The goal is to support blockchain and crypto innovation in the U.S. and businesses focused on this. The crypto czar underscored that according to many crypto company founders he had spoken to over the past four years, the main issue was the lack of rules in this sphere. Besides, the SEC had been prosecuting many crypto companies without providing them with clarity regarding crypto. Sometimes, Sacks said, people even had their bank accounts frozen just because they founded a crypto company. Therefore, many innovative businesses in the digital asset sphere were driven out of…

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Filed under: News - @ February 5, 2025 11:26 am