The Stanford Paper cites Ripple’s potential strategic value to US policymakers

1. A Stanford paper highlights Ripple’s potential strategic value, criticizing US lawmakers for regulatory delays impacting competitiveness.

In a post on The document specifically mentions Ripple, highlighting its potential strategic value to US policymakers. This discussion has sparked debate over the US government’s cryptocurrency regulatory approach.

Ripple potential and regulatory hurdles

Stanford paper highlights the need for the US government to foster a business-friendly environment for Distributed Ledger Technology (DLT) companies, especially those like Ripple. The paper touts Ripple as a private-sector payment network that handles more than $1 billion in daily transactions and boasts massive global reach.

He argues that the uncertain regulatory landscape in the United States has hindered Ripple’s competitiveness, research progress, and growth potential.

The paper suggests that US lawmakers should recognize the strategic intelligence and value offered by Ripple, advocating for a clearer regulatory framework to support Ripple and similar companies. This regulatory clarity could allow such businesses to expand globally while contributing to the U.S. financial infrastructure.

Community reactions and policy implications

In reaction, community members have intensified the debate over the role of US lawmakers in regulating cryptocurrencies. Some individuals have expressed frustration, pointing out that the strategic value of companies like Ripple has been evident for years.

A commentator, Dan Thurman, underlined the potential benefits of USD stablecoins backed by US Treasuries, which could stimulate demand for sovereign debt and create liquidity in the debt market. However, he also recognized the challenges posed by the growing interest of more than 100 nations in the BRICS alliance.

WrathofKahneman responded to questions about whether the US officials’ actions were strategic or based on ignorance. He suggested that a combination of ignorance and financial interests might be at play, although he admitted that this was his personal opinion without concrete evidence.

Another commenter expressed disbelief that Congress could ignore the benefits of blockchain, suggesting possible corruption as the most plausible explanation.

Ripple’s legal battle with the SEC

Adding to the regulatory turmoil, Ripple Chief Legal Officer Stuart Alderoty highlighted a development in the ongoing legal battle between the company and the SEC, according to a June 17 report from The Crypto Basic. On March 22, the SEC had proposed fines of nearly $2 billion against Ripple for alleged violations of federal securities laws through unregistered sales of XRP to institutional investors.

However, Alderoty deemed this request “absurd”. The proposed fine included a civil penalty of $876.3 million, restitution of the same amount, and $198.15 million in prejudicial interest, for a total of nearly $2 billion.

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