Ripple $2.32 CEO, Brad Garlinghouse, launched a new debate in the crypto currency sector upon the cancellation of the meeting, which he plans to make at Washington DC by Senator Cynthia Lummis. This meeting, which was planned during Garlinghouse’s efforts to regulate crypto beings extensively and balanced, was not a significant developments of the last few hours. Lummis’in bitcoin 
$102,915.01Despite the support of the known support for other crypto currencies, his cautious approach caused various interpretations of the reasons for the canceled meeting.
Ripple meeting cancellation
Brad Garlinghouse said in a statement through the social media platform X, Senator Lummis has canceled the meeting and announced that it was not willing to set a new date. Garlinghouse called on Senator Lummis to lead the whole sector.
“I invite you to be a leader for the entire crypto currency ecosystem and to rethink our meeting.” -Brad garlinghouse
In addition, Garlinghouse said Lummis offered a clear discussion both on the X Spaces platform and a lively event.
The cancellation of the meeting was considered one of the prominent events in the debate on crypto asset regulation in Washington. Sector representatives pointed out that leaders should develop a comprehensive policy for the entire crypto existence ecosystem.
Brad Garlinghouse stressed that crypto assets should not be limited to Bitcoin, and that all Blockchain networks are important. Ripple CEO invited US politicians and regulators to take balanced and neutral steps on crypto currencies.
“Leaders need to support not only Bitcoin, but all Blockchain technologies.” -Brad garlinghouse
Interestingir Bitcoin had a hard time during the May 2021, Chinese ban, Ripple’s anti -Bitcoin lobbying discussions. In the past, there were comments that Ripple’s global influence would increase, but Bitcoin could be so useless. Perhaps Lummis has loved BTC so much that he started to hate those who made moves against him in time?
Crypto regulation process in the USA
Regulation on crypto assets in the United States has recently gained momentum. Senator Cynthia Lummis is known as the advocate of crypto money -oriented arrangements, especially Bitcoin.
Many experts argue that regulations should only aim to cover all actors in the industry without just taking a certain crypto currency to the center. The statements of Ripple’s CEO were also in this way. Garlinghouse repeats calls for innovative and inclusive in policies.
The shaping of legal regulations on crypto currency according to the developing market conditions is considered important in terms of the growth of the sector in a healthy way. It is emphasized that the US policies and regulators should be met at a common point, even if they have different opinions on this issue. On the other hand, we know that Trump supports many US -based subcoin, including XRP, with the idea of crypto stock.
The fact that Ripple CEO Brad Garlinghouse’s request for a meeting with Senator Lummis did not respond to a new dimension for the regulation discussions of digital assets in the United States. Garlinghouse’s request for an inclusive and balanced approach has been seen in the digital financial sector. In this context, the legislation processes can be important for the incentive of innovation and the sustainability of the sector to consider all blocky -based projects without focusing only on a particular technology. In addition, increasing the communication of decision -makers with sector representatives may positively affect the success of existing and future regulation activities.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
