Ripple CEO responds to JPMorgan’s Jamie Dimon

In a recent interview with Fox Business, Ripple CEO Brad Garlinghouse spoke about the recent approval of Bitcoin ETFs and commented on remarks made by JPMorgan CEO Jamie Dimon.

In response to Jamie Dimon’s fierce criticism, Garlinghouse argued that while new technologies such as cryptocurrencies may attract bad actors, they also offer significant benefits and should not be ignored entirely. “Bad actors will use any new tool,” she said, underlining the importance of recognizing the positive impact and potential of cryptocurrencies.

He stressed that Ripple only works with regulated financial institutions and does not support anonymous transactions.

A milestone for cryptocurrencies

Garlinghouse also highlighted the importance of the recent approval of Bitcoin spot ETFs by the Securities and Exchange Commission (SEC), describing it as an important confirmation for the cryptocurrency sector. “It’s a big deal,” she said, highlighting the growing interest from institutional investors and government bodies in cryptocurrencies.

Garlinghouse highlighted that this move represents a shift from the fringes to mainstream acceptance of cryptocurrencies.

He also delved into Ripple’s role in this evolving landscape, explaining how their blockchain technologies and solutions are improving the efficiency and cost-effectiveness of cross-border payments for financial institutions.

Regulatory challenges and the future of cryptocurrencies

In the interview, Garlinghouse expressed frustration with the current regulatory environment in the United States, specifically criticizing SEC Chairman Gary Gensler’s approach to the cryptocurrency industry.

He accused Gensler of prioritizing litigation over clear regulatory frameworks, in contrast to more proactive approaches seen in other countries.

Garlinghouse has advocated for regulation that focuses on outcomes and activities rather than the technology itself, highlighting the importance of principles such as Know Your Customer (KYC) and Anti-Money Laundering (AML).

He remains optimistic about the future of cryptocurrencies, citing the ETF approval as an indication of their staying power and the need for the US to embrace and understand this emerging asset class.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة