Brad Garlinghouse, CEO of Ripple, said the first meeting of the CFTC Innovation Advisory Committee brought together many major representatives from the crypto industry and traditional finance.

Garlinghouse described the attendee list, which includes Nasdaq, CME Group, Cboe, OCC, the New York Stock Exchange, and DTCC, as the “Olympic lineup” of the crypto industry. Attendees agreed that regulations built for the earlier period no longer meet current needs.

According to Garlinghouse, the current legal framework does not fully support consumer protection, business development, and financial innovation. He said he has called on the US Congress to create clear regulations for crypto since 2019, but the industry is still waiting for specific standards.

Garlinghouse believes the US is moving closer to establishing a clear crypto regulatory framework, driven by the Trump administration, CFTC Chairman Selig, and lawmakers who support reform. There are no additional details yet about when the new regulations will be issued.

Source: https://tintucbitcoin.com/ceo-ripple-uy-ban-cftc-dong-thuan-can-khan-cap-sua-luat-cu/

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