MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Ripple Proposes a ‘Real Approach’ to Cryptocurrency Regulation

December 9, 2021
in Regulations
Reading Time: 2 mins read
A A
Ripple Proposes a ‘Real Approach’ to Cryptocurrency Regulation
ShareShareShareShareShare

San Francisco-based FinTech firm Ripple recently explained “how existing financial regulatory frameworks can be used
to advance innovation and enhance consumer and market protections.”

In a three page document published by Ripple, the Californian firm described its “vision of a pragmatic regulatory framework for cryptocurrencies, blockchain-enabled payments and digital assets.” Ripple mentioned that it hopes for “a regulatory framework that encourages the unleashed potential of cryptocurrency and blockchain technologies, while also establishing important consumer and market protections.”

Ripple believes that “any legislation or policy framework intended to regulate cryptocurrencies should promote an active dialogue between regulators and market participants” since such “public-private collaboration” should “lead to more tailored and effective policy outcomes for the industry and consumers alike.”

Furthermore, according to Ripple, “U.S. financial markets are considered first in class and that is due in part to the existing regulatory framework under which they operate.” They say that this framework — providing it was “adapted” to “account for some of the unique attributes inherent to cryptocurrencies — could “provide the clarity innovators seek – and the market protections consumers deserve.”




They then go on to give examples of two existing legislative proposals in this area: “the Securities Clarity Act (SCA)” and “the Digital Commodity Exchange Act (DCEA, H.R. 8373 in the 116th Congress).”

Ripple’s conclusion is that “each of the above proposals – whether implemented separately or together –can succeed in keeping industry within the U.S. while also maintaining the strong consumer and investor protections that have made American capital markets the best in the world.”

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Photo by “vjkombajn” via Pixabay.com

Credit: Source link

ShareSendTweetPinShare
Previous Post

Elizabeth Holmes Net Worth 2021: Theranos Founder Falls to 0 After Reaching More Than $4.5 Billion

Next Post

Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund

Next Post
Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund

Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund

Leave a Reply Cancel reply

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

Weekly Updates

Daily Financial Regulation Update — Saturday, August 6, 2022 | Paul Hastings LLP

Daily Financial Regulation Update — Saturday, August 6, 2022 | Paul Hastings LLP

August 8, 2022
5 Best NFT Projects to Invest in During Presale 2022 – News

5 Best NFT Projects to Invest in During Presale 2022 – News

August 11, 2022
Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

August 10, 2022
The Way of the Scammer: What to Look Out for When Running a Crypto Referral Scheme

The Way of the Scammer: What to Look Out for When Running a Crypto Referral Scheme

August 10, 2022
Moonbirds NFT Now Moved To Public Domain

Moonbirds NFT Now Moved To Public Domain

August 9, 2022
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates – Regulation Bitcoin News
  • BNB/USD Price Analysis for 14th of August:  Binance Coin Bulls Are Tiring
  • Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,428.00 0.07%
  • ethereumEthereum (ETH) $ 1,982.62 1.26%
  • tetherTether (USDT) $ 1.00 0.06%
  • usd-coinUSD Coin (USDC) $ 1.00 0.01%
  • bnbBNB (BNB) $ 323.89 1.05%
  • cardanoCardano (ADA) $ 0.561815 3.69%
  • xrpXRP (XRP) $ 0.379059 0.43%
  • binance-usdBinance USD (BUSD) $ 1.00 0.07%
  • solanaSolana (SOL) $ 46.57 2.71%
  • polkadotPolkadot (DOT) $ 9.30 2%
  • dogecoinDogecoin (DOGE) $ 0.073125 0.81%
  • avalanche-2Avalanche (AVAX) $ 29.14 0.83%
  • staked-etherLido Staked Ether (STETH) $ 1,931.07 1.66%
  • matic-networkPolygon (MATIC) $ 1.03 9.73%
  • shiba-inuShiba Inu (SHIB) $ 0.000013 0.47%
  • daiDai (DAI) $ 1.00 0.06%
  • tronTRON (TRX) $ 0.070022 0.88%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,436.00 0.08%
  • ethereum-classicEthereum Classic (ETC) $ 43.83 0.15%
  • okbOKB (OKB) $ 21.88 4.15%
  • leo-tokenLEO Token (LEO) $ 4.88 1.84%
  • litecoinLitecoin (LTC) $ 63.78 1.25%
  • nearNEAR Protocol (NEAR) $ 5.87 2.07%
  • chainlinkChainlink (LINK) $ 9.13 2.25%
  • ftx-tokenFTX (FTT) $ 31.33 0.33%
  • uniswapUniswap (UNI) $ 9.00 2.56%
  • crypto-com-chainCronos (CRO) $ 0.154761 0.63%
  • cosmosCosmos Hub (ATOM) $ 11.92 1.43%
  • stellarStellar (XLM) $ 0.126936 0.22%
  • flowFlow (FLOW) $ 2.95 0.28%
  • moneroMonero (XMR) $ 165.99 0.04%
  • bitcoin-cashBitcoin Cash (BCH) $ 144.37 0.78%
  • algorandAlgorand (ALGO) $ 0.369697 0.83%
  • vechainVeChain (VET) $ 0.033009 1.38%
  • filecoinFilecoin (FIL) $ 8.33 4.85%
  • internet-computerInternet Computer (ICP) $ 8.19 2.72%
  • apecoinApeCoin (APE) $ 6.64 5.67%
  • decentralandDecentraland (MANA) $ 1.07 0.53%
  • chain-2Chain (XCN) $ 0.087283 0.19%
  • hedera-hashgraphHedera (HBAR) $ 0.081692 1.79%
  • the-sandboxThe Sandbox (SAND) $ 1.33 0.34%
  • axie-infinityAxie Infinity (AXS) $ 19.44 3.68%
  • tezosTezos (XTZ) $ 1.91 0.79%
  • quant-networkQuant (QNT) $ 126.46 1.49%
  • lido-daoLido DAO (LDO) $ 2.93 4.69%
  • celsius-degree-tokenCelsius Network (CEL) $ 3.87 28.51%
  • theta-tokenTheta Network (THETA) $ 1.59 2.47%
  • aaveAave (AAVE) $ 110.58 3.87%
  • elrond-erd-2Elrond (EGLD) $ 64.80 2.38%
  • fraxFrax (FRAX) $ 0.999589 0.25%