Brad Garlinghouse's emphasis on a pragmatic approach to the cryptocurrency market structure bill

Ripple CEO Brad Garlinghouse recently issued an important message regarding the direction of cryptocurrency policy. Brad Garlinghouse emphasized the urgency of establishing a regulatory framework and stated that pursuing perfection should not come at the expense of making tangible progress.

Urgent Need for Regulatory Clarity

Looking back at history, there has never been a bill that satisfies all stakeholders simultaneously. The biggest challenge currently facing the cryptocurrency industry is confusion caused by regulatory uncertainty. In this context, Brad Garlinghouse pointed out that the principle of “clarity over confusion” should be applied. When a clear regulatory framework exists, companies and developers can pursue innovation with confidence and certainty.

Regulatory Framework for Fostering Innovation

The core goal of the cryptocurrency market structure legislation is to build a clear regulatory framework that unlocks the potential for innovation. This is not merely about regulating the industry but about creating a healthy environment for innovation. Once clear rules are established, investors and companies can make decisions based on well-defined standards, ultimately leading to the healthy development of the industry.

Industry Choices for Long-Term Development

Although it may not be possible to create a bill that perfectly reflects all perspectives, establishing clear rules is essential for the long-term growth of the cryptocurrency industry and for providing a stable environment for innovation. Brad Garlinghouse’s stance emphasizes the value of realistic compromise and progress. Instead of waiting for ideal perfection, implementing a clear and immediately actionable regulatory framework is a wise choice for the future of the entire industry.