Why Ripple Embraces Regulations in the Crypto Space
The prospect of increased regulations may have the crypto world reeling, but one Ripple exec says he welcomes any changes.
“There are definitely fraudulent campaigns and projects out there that are trying to take advantage of investor interest in this category,” managing director Danny Aranda told Cheddar.
“Having regulatory clarity for entrepreneurs is a very, very good thing. It gives you a clear state of play, let’s you know what the rules are.”
His comments echo the concerns prompting intensified scrutiny of the space.
Google this week said it will ban ads for cryptocurrencies and other unregulated financial products starting in June in an attempt to combat potential scams. Facebook made a similar decision earlier this year.
But Aranda isn’t worried. He said during Thursday’s interview that, whether controls come from regulators or social media platforms, new rules only help the industry.
“Over the long term, what you’ll see is greater regulatory clarity in the space,” he said. “You’ll see greater acceptance about best practices.
“The markets will become more educated about what are good projects, and that would make everyone more comfortable in the underlying value of these things.”
Tech analyst Rene Ritchie discusses new EU legislation that will force iPhones to use a USB-C charger in fall 2024 and what that means for Apple's strategy in Europe.
Robotics automation technology company Symbotic made its market debut on the Nasdaq via a SPAC merger with SVF Investment Corp. 3, a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. Symbotic rang the Opening Bell at the Nasdaq to celebrate the occasion this morning. Its debut on Wall Street comes amid an urgent need for logistics solutions, as it aims to reimagine supply chains with its A.I.-powered robotic and software platform. Tom Earnst, CFO of Symbotic, and Vikas Parekh, managing partner at Softbank Investment Advisors, join Cheddar News' Closing Bell to discuss.
Michelle Castillo joined Closing Bell to break down Elon Musk's announcement to SpaceX employees that the Starlink internet business might not see itself as an IPO until 2025, Twitter planning to hand over the user data he requested as a condition of the acquisition, and Warren Buffet-backed Chinese EV company BYD stating it will be supplying batteries to Tesla "very soon."
Meta announced its plans to join the Cannes Lions International Festival of Creativity. This is leaving businesses and customers wondering what the tech giant has in store for the event. Nicola Mendelsohn, the vice president of the global business group at Meta, joined Cheddar News to preview what the tech giant will discuss at this year's festival. "We're going to be showcasing more about reels. We're going to be talking about our commerce solutions, are messaging solutions, and of course, the method of us speaking of new ways to kind of connect with customers," she said.
Paul Tracey, Founder & CEO of Innovative Technologies, and author of 'Delete The Hacker Playbook' and 'Cyber Storm', joins Cheddar to discuss the most effective ways to protect small businesses from cyber attacks, the labor shortage's effects on cybercrime, and how businesses and employees can stay cyber secure while working from home.
