Altcoins News
By Sydney TheCMO
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Ripple CEO Brad Garlinghouse dropped a bombshell on February 20, telling a packed fintech conference in New York that new digital asset legislation has a "90% chance" of getting…
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Garlinghouse didn't mince words at the conference, where hundreds of industry executives hung on every syllable.
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The proposed bill landed in Congress last month, and it's already generating serious buzz on Capitol Hill.
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"It's critical for the U.S. to lead the way," Garlinghouse added during his keynote speech. He pointed to countries like Singapore and Switzerland that have already built clear…
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But the stakes go way beyond just one company's legal troubles.
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The crypto market hit $1.5 trillion in total value as of February, and that number keeps climbing. Global regulators are scrambling to keep up with the growth, but the U.S.
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Coinbase jumped on the bandwagon immediately after Garlinghouse's comments. The exchange put out a statement backing the legislative push within hours.
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Not everyone's thrilled about rushing through crypto legislation, though. Some policy experts worry that Congress might move too fast and accidentally create new problems.
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Congressional hearings are set to kick off in early March, with the House Financial Services Committee taking the lead.
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Garlinghouse's confidence comes from recent meetings with senators who seem genuinely interested in getting something done.
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The Blockchain Association has been working overtime to build support for the legislation. Kristin Smith, who runs the lobbying group, warned on February 18 that America risks…
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Markets reacted pretty quickly to Garlinghouse's optimistic timeline. XRP jumped to $0.85 by the end of trading on February 20, up from around $0.82 earlier that morning.
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Senate Majority Leader Chuck Schumer weighed in on February 22, acknowledging that digital asset legislation has become a priority.
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International regulators are watching closely too. The European Securities and Markets Authority released a statement on February 25 saying they're monitoring U.S.
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The March hearings will probably determine whether Garlinghouse's 90% prediction holds up. Industry players are already preparing testimony and lobbying materials for what could…
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