Ripple’s CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he’s “very carefully positive” about the United States getting “advancement” regulative clearness for the cryptocurrency market in 2023.

To mark the very first day of the 118th Congress, Garlinghouse shared his hopes of 2023 being the year the U.S. gained regulative clarity for crypto and added assistance for policy is “bipartisan & bicameral.”

Garlinghouse stated the U.S. was not beginning with a “blank slate” for policy, referencing costs such as the Securities Clarity Act, the Responsible Financial Innovation Act (RFIA) and the Clarity for Digital Tokens Act as examples.According to the Ripple CEO,”the stakes could not be greater.”He included”no bill is ideal and there likely never ever will be one that satisfies everyone”and tries to pursue a perfect bill shouldn’t stall Congress ‘progress in developing crypto policies and legislation.The U.S. lags Singapore, the European Union( EU), Brazil, and Japan when it concerns crypto legislation and policies Garlinghouse opined.He declared the absence of a coordinated effort to carry out a regulative framework both worldwide and in the U.S. “continues to press company to countries [with] lower regulative bars “leading to”often catastrophic results,” mentioning the Bahamian-headquartered FTX as an example.Related: SEC looks for to keep Hinman documents concealed in Ripple case Ripple is a monetary technology company operating the RippleNet global payment network along with its cryptocurrency XRP(XRP). In Dec. 2020 the U.S. Securities and Exchange Commission(SEC)submitted a lawsuit versus Ripplealleging the business offered XRP as an unregistered security.The SEC argued Ripple raised billions through XRP sales and failed to sign up the offerings as securities as required by law. Ripple rejected the claims claiming XRP is a currency, not a security.In Oct. 2022, Garlinghouse informed panelists at the D.C. Fintech Week conference that he expects the case versus the firm to conclude during the first half of 2023 but admitted that it was hard to predict.The case is still ongoing without any clear indication of when it will end.