SEO popular payment network Ripple believes that the industry of decentralization should not be divorced from the legal sphere. In an interview with CNBC, he said: “it is imperative For us to work with regulatory authorities, we must work with the system. Blockchain revolution is rooted in this system, it cannot continue outside the system”.
Opinion Garlinghouse may give a new turn to the current debate on the regulation of virtual currencies in the United States. Already it affects and its impact on the cryptocurrency market. The Commission on securities and stock exchanges of the USA (SEC) has repeatedly sent “cryptomenysis” subpoenas for several weeks. After the statement of the SEC that the exchanges of digital assets you will need to check the bitcoin price fell on Wednesday below 10 000 USD.
According to Garlinghouse, that the bitcoin community the most radically disposed towards cooperation with social institutions: “Some members of this group insisted that the banks no longer needed; moreover, no longer need government. We largely hold the opposite point of view.”
Revision CoinDesk and some Twitter users expressed the view that the performance Garlinghouse on CNBC associated with the appearance of Ripple in the popular American stock exchange Coinbase, since that day, the President of the exchange service Asiff, Hirji (Asiff Hirji) has announced the imminent major announcement.
Recall that the only legal definition of the status of crypto-currencies — definition of district court in the United States, according to which digital assets are equal to the products. According to current Russian legislation, cryptocurrency in the future can be considered as securities.