Ripple Meets With US And US Government To Talk Crypto – Here’s What Happened

Source Bitcoinist

Ripple is participating in new talks between U.S. and U.K. officials regarding crypto cooperation. With the U.K. establishing itself as a hub for digital assets and the U.S. seeking stronger ties with London, Ripple’s role in these discussions positions the company at the center of the conversation.

Ripple Joins High-Level Talks On Crypto Cooperation

In a tweet shared on X, analyst Nietzbux wrote that Ripple just met with the U.S. and U.K. governments on crypto cooperation. According to the post, Ripple’s involvement in the high-level discussion could shape the next phase of crypto regulation and collaboration. The meeting, which took place on Tuesday when the President of the United States and members of the U.K. Royal family talked, gave the crypto discussions even more weight.

According to Nietzbux’s report, UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent led the meeting. Both parties discussed new ways the two countries could cooperate on digital assets and how to establish stronger systems for the crypto industry. Reeves and Bessent met with representatives from Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple.

Banks and crypto companies sat in the same room, as Reeves and Bessent pointed out that the governments of the U.S. and the U.K. are considering their differing opinions before implementing crypto rules that may impact the global crypto market. This kind of gathering highlights the international attention now focused on crypto. 

Ripple’s expanding influence in bridging traditional finance and blockchain systems could have earned it its seat at the table. Cassie Craddock, Ripple’s managing director for the U.K. and Europe, points to the governments and crypto companies working together, saying the gains can spread past cryptocurrency and help the global economy. 

Ripple’s Cassie Craddock Says Cooperation Could Shape Global Standards

Discussing the significance of this partnership, Cassie Craddock said the planned collaboration between the two governments has “the potential to set a template for international cooperation in our industry.” By this, she explained that the talks are not only about the U.S. and U.K., but could also guide how other countries decide to work together on digital assets.

Ripple’s Craddock highlighted the strengths of the U.K. financial sector, noting its strong economy, deep financial markets, and skilled workforce as factors that have made the U.K. one of the world’s top financial hubs for many years. 

According to her, the countries are ready to use their existing strengths to lead in digital assets and innovation, which is why Ripple is advocating for deeper cooperation at this level. She added that cooperation between the U.S. and the U.K. could help both countries use blockchain technology more effectively.

Ripple
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Dollar Weakens and Stocks Stall as Gold Rises Ahead of Fed DecisionOn Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
Author  Mitrade
Sept 17, Wed
On Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
placeholder
Key Challenges Ahead for US-China TikTok Ownership DealA newly announced framework agreement between the United States and China aims to shift TikTok’s ownership to U.S. control, raising numerous questions and challenges.
Author  Mitrade
Sept 17, Wed
A newly announced framework agreement between the United States and China aims to shift TikTok’s ownership to U.S. control, raising numerous questions and challenges.
placeholder
Oil Prices Rise Following Attacks on Russian Energy Infrastructure Oil prices climbed further on Monday as markets reacted to Ukrainian drone strikes targeting Russian refinery infrastructure, raising concerns over potential disruptions to Russia’s crude and fuel exports.
Author  Mitrade
Sept 15, Mon
Oil prices climbed further on Monday as markets reacted to Ukrainian drone strikes targeting Russian refinery infrastructure, raising concerns over potential disruptions to Russia’s crude and fuel exports.
placeholder
Asia Stocks Steady After Sharp GainsMost Asian stock markets remained steady on Monday following robust gains last week.
Author  Mitrade
Sept 15, Mon
Most Asian stock markets remained steady on Monday following robust gains last week.
placeholder
Asian Stocks Climb on US AI Optimism; Japan’s Nikkei Reaches New Record HighMost Asian stock markets climbed on Thursday, with China leading gains fueled by renewed optimism around U.S. artificial intelligence developments.
Author  Mitrade
Sept 11, Thu
Most Asian stock markets climbed on Thursday, with China leading gains fueled by renewed optimism around U.S. artificial intelligence developments.
goTop
quote