Ripple's chief legal officer, Stuart Alderoty, has urged Congress to adopt innovation-friendly cryptocurrency regulations that focus on regulating activities rather than technology. He cautioned against enshrining abstract principles from previous policies without thorough study and consensus, amid criticism of the SEC's stringent enforcement approach. The evolving political landscape, particularly with President Trump's support for digital assets, may lead to more favorable regulations that balance investor protection with technological growth.
Key lawmakers from both parties express optimism about Congress passing a regulatory framework for the cryptocurrency industry in 2025. This potential legislation aims to provide much-needed clarity for the rapidly evolving crypto market.
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