Reputed crypto leaders and experts demand the upcoming US administration implement clearer crypto regulation policies. They warn that if the US fails to create a supportive framework for the industry, other countries will seize that opportunity, pushing the US far behind. With the US election, in which Republican candidate Donald Trump will compete against Democratic candidate Kamala Harris, just a few days away, here is what leading voices in the cryptocurrency industry have to say!
Ripple CEO Anticipates Federal Regulation Changes for Crypto
It is almost certain that Trump, if elected, would overhaul the present SEC leadership. If rumours are to be believed, Harris is also considering the possibility of appointing a pro-crypto executive as the US SEC chair. This means that, whoever wins the presidential race, the US SEC is sure to get new leadership after the election.
Brad Garlinghouse, the CEO of Ripple, expressed hope that the next US government would foster a supportive environment for the cryptocurrency industry by establishing clearer laws on crypto and replacing the current SEC Chair, Gary Gensler – infamous for his anti-crypto stance.
Coinbase’s Paul Grewal: U.S Needs Regulatory Clarity or Risks Falling Behind
Paul Grewal, the Chief Legal Officer of Coinbase, emphasised why the US should not delay further in creating a crypto-friendly environment. Grewal warned that if the US administration does not create a clearer legal crypto framework soon, the industry may thrive in other regions leaving the US far behind. He noted that nearly 52 million Amercians envision crypto as part of their future, so the next US regime has no choice but to address their concerns about cryptocurrency regulations.
In conclusion, clear and consistent crypto regulations are becoming a priority, with crypto leaders and experts urging the US to take decisive steps.
Stay tuned to Coinpedia for the latest discussions on the US regulation environment!
Source: https://coinpedia.org/news/ripple-ceo-urges-next-president-to-prioritize-us-crypto-regulation-reform/