Regulations are Being Unrolled! xrp bitcoin ethereum btc xrp news xlm

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Central bank digital currency will enable governments to integrtate into their currencies, fiscal policy, monetary policy, control is within the code of a CBDC. Currency wars, trade wars, nations are in economic wars and there is little trust. The internets of value eliminate the need for a reserve currency. Digital currencies are a focal point of all world leaders why? Because today there is a way for nations to have complete control over their currencies and at the same time have a trustless environment between nations.

The united states are working closely with the G20 for digital asset regulations. The various divisions of the US government are writing laws and working closely for not only domestic regulation but international regulation. The week of dec 20th , Three major legal events took place, Steve Mnuchin is spearheading a fincen rule that will require exchanges to collect personal information and potential stifle innovation in the defi space. the presidential advisory group weighs in on regulatory approach to stable coins having strict standards for retail payment systems to use stable coins. The SEC announces a ripple law suit claiming xrp is an investment contract. The regulators have been inactive for years and now they strike at once in a organized manner.

Glen Hutchins that is asking Jay Clayton about XRP, is an early ripple investor. Hutchins sat on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year in crypto. A favorable outcome for ripple is favorable for crypto and the opposite is true. What happens with this court case will determine the legality of many projects. btc xlm term ending December 31, 2018. During the time of this interview Glen was on the board of the NY fed and asking Jay clayton about XRP. There was pressure in Jay Claytons direction. There were important people in the tech world, economic world, etc that wanted these answers from Jay Clayton. Why did Jay Clayton take so long to file the law suit and then leave as SEC chairman right after it was filed? It’s because regulations are of the utmost importance. The g20 and US regulators have been working closely on rolling this out. The government agencies are organized and unrolling regulation.

This technology has ethereum great potential, central banks and political leaders have painted nations into corners. They have very little options and innovating out of the problems is a solution. crypto hasn’t been banned and the g7, g20 have been focused on these issues. Ripple meets with regulators regularly and is transparent.

Jay clayton sees significant promise and knows the fundamental importance of crypto. He emphasized cross border payments that is the use case of XRP. The market has the ability to correct, The US regulators need to be ahead of the markets. The Crypto markets were appreciating in value this caused The US government to act. He filed a lawsuit against ripple right after XRP appreciated in value. Ripple has built liquidity around illiquid corridors, is a USA tax paying company, has an escrow to gift, is able to aide the united states and offer advice in the tech cold war. The regulators are clarifying and XRP will progress bitcoin .

The guidelines are being set. They’re pouring the foundation of the level playing field. They’re allowing innovation to continue but within their rules. Wallets are being identified, they’re putting a know your customer cap on transactions over 3,000, Stable coins are going to have strict guidelines, and XRP is going to be clearly defined. I suspect in a supreme court ruling.