Collaboration at Downing Street
Cassie Craddock of Ripple recently shared her experience attending a prominent roundtable at Downing Street, where she met with representatives from various leading cryptocurrency companies based in the UK and the US. Among the attendees were significant figures such as Rachel Reeves, the Chancellor of the Exchequer, and Scott Bessent, the Treasury Secretary of the United States.
Potential for Economic Advantages
Craddock emphasized the vast potential for enhanced collaboration between the two nations, stating that such international efforts, including the recent discussion at the roundtable, could significantly unlock the economic advantages offered by blockchain technology for both economies.
New Task Force for Cryptocurrency Regulation
According to a report released by the Financial Times, a new task force has been established by the UK and US governments aimed at promoting cooperative strategies for cryptocurrency regulation in the near and medium-term. This initiative has the potential to create a model for international regulatory alignment in the crypto space.
Ripple’s Role in Technological Innovation
Craddock noted that Ripple could play a crucial role in advancing technological innovation across the Atlantic due to its strong presence in both the US and the UK.
Ripple’s History and Commitment to the UK
In the context of Ripple’s history, it is worth remembering that prior to its legal challenges with the SEC beginning in 2020, CEO Brad Garlinghouse had indicated that the firm was contemplating relocating its global headquarters from San Francisco to London. Ripple already has a significant office in London, which acts as a key hub for its European operations.
Over the years, Ripple has consistently commended the UK’s forward-thinking stance on digital asset regulations. Additionally, the company joined the Digital Pound Foundation in October 2021, further solidifying its commitment to the UK market and the future of digital currencies.
