RE: LeoThread 2024-11-21 08:32
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Current SEC Chairman Gary Gensler has been a focal point of criticism. Although he previously taught about financial technology at MIT, Garlinghouse accused him of failing to uphold a clear regulatory stance once in office. He highlighted several court rulings deeming the SEC’s actions under Gensler as “arbitrary and capricious,” which has damaged trust in the regulatory body.
The Emerging Stablecoin Market
In a significant development, Ripple is gearing up to launch its own stablecoin, Ripple USD, amidst a market that currently boasts around $180 billion in stablecoins. Garlinghouse underscored the potential of stablecoins to enhance institutional use cases within banks, particularly in making cross-border payments more efficient and cost-effective.