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24.11 - 03:03
Here’s Ripple’s plan for U.S regulators to stop a crypto ‘brain drain’
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While making the most of flexible regulations abroad, Ripple has been urging American regulators for more clarity regarding the crypto-sector at home.
Now, the San Francisco-based blockchain company has taken the next step and introduced its own proposal for crypto-regulations.
Ripple stressed on public-private collaboration in future crypto-legislation. In particular, Ripple cited three pieces of legislation – The pending Eliminate Barriers to Innovation Act, the proposed Securities Clarity Act (SCA), and the proposed Digital Commodity Exchange Act (DCEA).
The company claimed these would protect investors, while also making it clear where the SEC and the CFTC could exercise their authority.
What happens if this framework is ignored? Ripple’s
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