🚀 Ripple CEO Brad Garlinghouse Discusses Banking Challenges And Crypto Policy
#Ripple #BradGarlinghouse #BankingChallenges #CryptoPolicy #DeBanked #CryptoIndustry #USAdministration #SEC #GaryGensler
According to CoinDesk, Ripple CEO Brad Garlinghouse revealed that he has been severed from a longstanding banking relationship due to his prominent role in the cryptocurrency industry. Speaking at DC Fintech Week, Garlinghouse shared that individuals within the crypto sector are increasingly being de-banked. He cited his own experience, noting that Citigroup Inc., where he had been a customer for about 25 years, recently cut ties with him. Garlinghouse mentioned that this was not the only personal banking relationship he has lost because of his involvement in crypto.
Garlinghouse criticized the current U.S. administration, particularly targeting Securities and Exchange Commission (SEC) Chair Gary Gensler, accusing him of leading a #Ripple #BradGarlinghouse #BankingChallenges #CryptoPolicy #DeBanked #CryptoIndustry #USAdministration #SEC #GaryGensler
🚀 U.S. Congress to Focus on Cryptocurrency Market Legislation
#cryptocurrency #marketstructure #CFTC #CFPB #SenateBankingCommittee #SenateAgricultureCommittee #Lummis #Trump #SmallBusinessAdministration #SBA #debanked
According to Foresight News, the U.S. Congress is set to prioritize cryptocurrency market structure legislation as it resumes work after a recess. The Senate Banking Committee is expected to revise a draft discussion on market structure by the end of September. Concurrently, the Senate Agriculture Committee plans to release a draft covering the Commodity Futures Trading Commission's (CFTC) regulatory aspects.
Senator Cynthia Lummis has indicated that the market structure bill is anticipated to be signed into law by U.S. President Donald Trump before Christmas this year. Additionally, the Small Business Administration has directed banks to restore services to clients who were unlawfully 'de-banked' and to amend related policies by December 5. The Consumer Financial Protection Bureau has also acknowledged instances of power abuse against certain companies during the Biden administration.#cryptocurrency #marketstructure #CFTC #CFPB #SenateBankingCommittee #SenateAgricultureCommittee #Lummis #Trump #SmallBusinessAdministration #SBA #debanked