As the debate for implementing crypto regulation continues to surface, Brad Garlinghouse, CEO of Ripple, has recently shared his perspective. 

At a recent conference in Singapore, Garlinghouse highlighted the importance of crafting appropriate regulatory frameworks for the crypto industry.

The Necessity Of Proper Regulation

While appearing at Token 2049 in Singapore, Garlinghouse emphasized the inevitability of governmental involvement in crypto. Garlinghouse highlighted a prevailing sentiment among certain factions of the crypto community that vehemently opposes any form of regulation.

According to the Ripple CEO, this is a stance that, if perpetuated, may hinder the industry’s long-term growth. Garlinghouse stated:

In my judgment, if we want this industry to thrive and fundamentally rewire how financial infrastructure works, we can’t pretend like government regulation doesn’t matter.

Garlinghouse stressed the importance of agreeing on foundational regulatory elements, referencing the ongoing disagreements that ripple through the crypto world. The Ripple CEO noted:

I still do find categories of the crypto community fighting on some of these basic regulatory frameworks.

Anti-Money Laundering (AML) and Know Your Customer (KYC) are established protocols in the traditional financial sector to combat financial crimes and ensure transparency. Garlinghouse believes that their inclusion within the crypto sector is paramount.

With Ripple currently navigating a

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Author: Samuel Edyme

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