Ripple CEO Hails U.S. Crypto Regulation Push; XRP Ledger Suffers Hour-Long Outage

The U.S. government's recent announcements regarding digital assets have sparked speculation about their potential impact on the prices of Remittix (RTX) and Solana (SOL). As the U.S. moves towards clearer regulations for cryptocurrencies, investors are eager to understand how these developments might affect the market.

Ripple, the company behind the XRP token, has been at the forefront of these discussions. Ripple's CEO, Brad Garlinghouse, has expressed excitement about the recent changes in the U.S. crypto market, calling them a "big deal." This enthusiasm follows David Sacks, the U.S. Crypto Czar, pushing for clearer rules and regulations for cryptocurrencies like Bitcoin and XRP. Garlinghouse believes that the united effort from lawmakers is a significant step forward, showing that Washington is finally taking crypto seriously and working on rules that will provide more certainty for businesses and investors.

Garlinghouse's support for the push towards clearer regulations has led to speculation that Ripple could play a significant role in the future of U.S. crypto regulations. While there are rumors that XRP might be considered for a national reserve list, nothing has been confirmed. However, Garlinghouse's support of the ongoing regulatory discussions keeps investors hopeful about Ripple's potential in the U.S. market.

David Sacks, the White House AI and crypto czar, has prioritized the regulation of stablecoins as part of a broader effort to establish a clear framework for digital assets. He has said that he is working with lawmakers to advance legislation through Congress within the next six months. Sacks' comments followed a press conference with leaders of key House and Senate committees overseeing banking and finance, where they emphasized the administration's commitment to moving legislation through the House and the Senate this year to provide a clear regulatory framework for the digital assets ecosystem.

The XRP Ledger experienced an hour-long halt that prevented validations from being published. The disruption started at block height 93927174 and lasted for 64 minutes before the blockchain was rebooted. Ripple's technology chief, David Schwartz, confirmed the outage on social media, stating that it looked like "consensus was running but validations were not being published, causing the network to drift apart." Validator operators had to manually intervene to establish a "sane starting point" to build enough consensus and allow the network