Ripple CEO Urges Clarity on Crypto Rules Amid Regulatory Uncertainty

Ripple's Chief Executive Officer Brad Garlinghouse spoke at the CFTC's Innovation Advisory Committee meeting, calling for clearer US crypto rules. He argued that regulatory uncertainty is costly and has made it harder for companies to operate and invest in the sector.

Garlinghouse cited the $150 million his company spent fighting the SEC as an example of the costs associated with regulatory uncertainty. Ripple's hiring during this four-year legal fight was 80% outside the US, he said, underscoring how the dispute affected the company's expansion.

The CFTC meeting covered various topics, including crypto regulation and artificial intelligence. The agency's Chairman Michael Selig has urged Congress to establish a federal crypto framework.