Brad Garlinghouse, CEO of Ripple, stated that Congress is working toward clear crypto regulations and that banks are now engaging with the industry, marking a shift from the adversarial stance seen during Operation Chokepoint 2.0

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Congress is working towards clear rules and regulations, and banks (in a far cry from the years of Operation Chokepoint 2.0) are leaning in,” he added, mentioning the conspiracy that the Biden administration sought to cut off crypto from the financial system.

while Congress is working towards clear rules and regulations, and banks (in a far cry from the years of Operation Chokepoint 2.0) are leaning in, this access would allow us to hold RLUSD reserves directly with the Fed and provide an additional layer of security to future proof trust in RLUSD