Ripple CEO Brad Garlinghouse has called the recent regulatory developments in the cryptocurrency industry “energizing.”
In a series of tweets, Garlinghouse highlighted the steps being taken by various countries, such as Dubai releasing a comprehensive set of rulebooks for crypto market participants.
In addition, he mentioned about Australia’s Treasury seeking public input on updating licensing and custody for cryptocurrencies, the UK government’s intention to establish a clear framework balancing innovation and financial stability, and South Korea’s publication of guidelines to differentiate between security and payment tokens.
Garlinghouse said that these regulators are providing leadership and doing the work that is missing in the US, and added that companies like Ripple are growing in these countries.
