Charles Hoskinson Commends Ripple Delegation
In a recent statement, Charles Hoskinson, the CEO of Input Output, commended the Ripple delegation for their efforts in discussions concerning a significant market structure bill intended to govern the cryptocurrency industry in Washington, D.C. During these talks, which he participated in, Hoskinson noted that substantial advancements have been achieved. He remarked:
“There is much more to accomplish, but we are making excellent strides toward bipartisan legislation that could be enacted this year.”
Key Figures in Attendance
Hoskinson, who announced his trip to Washington on Tuesday, highlighted that key figures from the crypto sector were convening with the Senate Banking Committee leadership. This gathering included various industry leaders from Ripple and Input Output, alongside notable representatives from Andreessen Horowitz, Coinbase, Kraken, and Circle, the issuer of the USDC stablecoin.
Focus of the Meeting
The focus of the meeting was the legislation’s draft, which aims to establish a comprehensive framework for the regulation of digital assets. However, Ripple has expressed concerns about the draft, cautioning that it may introduce further uncertainties and disproportionately empower the U.S. Securities and Exchange Commission (SEC).
Advocacy for Bitcoin
Moreover, other influential figures from the Bitcoin community, including Michael Saylor, co-founder of Strategy, were actively advocating for a strategic Bitcoin reserve on the Hill that same day. They met with several key Republican senators, including Ted Cruz from Texas and Marsha Blackburn from Tennessee, underscoring a broader initiative to enhance Bitcoin’s adoption and support.
