Ripple CEO Reaffirms Focus on Utility Despite US ‘Permafrost’

The Point Zero Forum is taking place in Zurich, Switzerland. It’s a not-for-profit initiative organized by the Swiss State Secretariat for International Finance and Elevandi. The event is focused on promoting policy and technological dialogue in the field of financial services.

  • Brad Garlinghouse, the CEO of Ripple, was attending the conference.
  • He reaffirmed that throughout the last bear market, the industry has seen a refocus on building utility, as well as fundamental infrastructure.

Even if we remain in permafrost in the US, what we’ve seen over this last crypto winter is a refocus on building for utility and fundamental infrastructure. – He said.

  • The US permafrost refers to the particularly hostile regulatory climate in the country, mostly instilled by the SEC’s predatory approach toward the industry.
  • The Commission has filed lawsuits against Ripple, Coinbase, Binance, and many more, arguing that a lot of the industry’s cryptocurrencies are essentially securities.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 69,657.66 3.08%
Ethereum (ETH) $ 2,437.64 0.66%
Tether (USDT) $ 1.00 0.33%
BNB (BNB) $ 564.96 2.46%
Solana (SOL) $ 166.25 4.34%
USDC (USDC) $ 1.00 0.25%
XRP (XRP) $ 0.512859 1.16%
Dogecoin (DOGE) $ 0.169612 6.73%
Lido Staked Ether (STETH) $ 2,437.55 0.68%
TRON (TRX) $ 0.160657 1.62%