Ripple Exec Opts For EU’s Progressive Crypto Laws As XRP Case Verdict Closes In

Ripple News: As the U.S. financial regulators struggle to provide clear regulations for the crypto industry, European Parliament approved the first comprehensive set of rules to cater to the market. This mega development in the digital asset market has attracted Ripple Labs, which is struggling to get clarity in the U.S.

Also Read: Texas Passes Landmark Crypto Bill For Exchanges To Comply

Ripple Looks To Explore European Marketplace

Susan Friedman, International Policy Counsel at Ripple in a statement stated praised the EU’s recent crypto move. She stated that the US is still focusing on enforcement instead of clarity. However, Lawmakers in the European Parliament have taken a big leap forward. She added that it has been a sensible and progressive approach to crypto regulation.

Ripple Policy Counsel asserted that they look forward to building and growing in the European marketplace.

Coingape reported that 517 European lawmakers voted in the favor of the MiCA, while 38 went to vote against it. The set of crypto rules implies reducing risks for market participants. This move will make providers liable if they lose investors’ digital crypto assets.

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