The post Stanford Paper Cites Ripple Potential Strategic Value to US Policymakers appeared on BitcoinEthereumNews.com.

A Stanford paper highlights Ripple potential strategic value, criticizing US lawmakers for regulatory delays affecting competitiveness. In a post on X, pseudonymous XRP community influencer WrathofKahneman (WOK) spotlighted a Stanford paper discussing the role of crypto in maintaining US monetary dominance. The paper specifically mentions Ripple, highlighting its potential strategic value to US policymakers. This discussion has sparked debate about the US government’s crypto regulatory approach. Poignant paper out of Stanford about crypto & guarding US monetary dominance, that mentions #Ripple‘s “potential strategic value.” Critical of US lawmakers compromising the strategic position of USD by dragging their feet on regulations. https://t.co/vR0JXQldof pic.twitter.com/43eAemmssc — WrathofKahneman (@WKahneman) June 17, 2024 Ripple Potential and Regulatory Hurdles The Stanford paper emphasizes the need for the US government to foster a business-friendly environment for Distributed Ledger Technology (DLT) companies, particularly those like Ripple. The paper touted Ripple as a private sector payment network that handles over $1 billion in daily transactions and boasts a huge global reach.  It argues that the uncertain regulatory landscape in the US has hindered Ripple’s competitiveness, research advancements, and growth potential.  The paper suggests that US legislators should recognize the strategic intelligence and value Ripple offers, advocating for a clearer regulatory framework to support Ripple and similar companies. This regulatory clarity could enable such businesses to expand globally while contributing to US financial infrastructure. Community Reactions and Political Implications Reacting, community members intensified the debate on the role of US lawmakers in crypto regulation. Some individuals expressed frustration, pointing out that the strategic value of companies like Ripple has been evident for years.  One commenter, Dan Thurman, emphasized the potential benefits of USD stablecoins backed by US Treasuries, which could drive sovereign debt demand and create liquidity in the debt market. However, he also acknowledged the challenges posed by the…

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Filed under: News - @ June 18, 2024 9:10 pm