Brad Garlinghouse of Ripple sees progress in US cryptocurrency bill.

• Ripple supports regulatory advancements for cryptocurrencies in the US.
• US Senate bill receives both criticism and praise.
• Coinbase objects and vote on cryptocurrencies is postponed.

Ripple CEO Brad Garlinghouse spoke out this week about the bill seeking to establish a regulatory framework for the cryptocurrency market in the United States. The proposal, currently under discussion in the Senate Banking Committee, has generated mixed reactions among industry leaders.

Garlinghouse assessed that the text is not perfect, but represents a necessary step forward. "Is it perfect? ​​No, absolutely not. But is it better than nothing? Absolutely.""He stated that the lack of clear rules has been a persistent obstacle in the sector, and even a project with gaps can serve as a basis for future improvements."

According to him, the proposal offers opportunities for refinement and adjustments that depend on the willingness to engage in dialogue between market players and legislators. "We are very close," Garlinghouse added, emphasizing that the current moment demands cooperation, not setbacks.

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The discussion surrounding the regulatory framework for cryptocurrencies in the US is taking place amidst increasing pressure on the sector. The text under review promises to establish clearer guidelines for the operation of exchanges, token issuers, and other companies linked to the crypto ecosystem.

However, the bill's progress suffered a setback. The vote, scheduled for last Thursday, was postponed at the last minute. The decision came just hours after Brian Armstrong, CEO of Coinbase, publicly announced that his company does not support the current text.

Coinbase's stance has generated even more uncertainty about the fate of the proposal. The lack of consensus among the main players in the sector reflects existing tensions regarding the level of regulatory requirements, especially concerning asset classification and platform responsibilities.

Meanwhile, Ripple maintains a conditionally supportive stance, seeing the project as a concrete opportunity to promote greater legal certainty in the US cryptocurrency market. For Garlinghouse, regulatory clarity remains a priority for the consolidation of the sector.