The CEO of Ripple Labs acknowledged that the demand for crypto assets is on the rise while the supply is dwindling. This trend is leading to increased values and further development in the industry.
He also highlighted the contribution of these investments towards the integration of crypto assets into traditional finance (tradfi) and their role as a financial instrument. The CEO expressed a keen interest in establishing a regulatory framework for the crypto industry in the United States.
He suggested that the current administration will be succeeded by individuals who are willing to support the digital assets sector. In March 2023, the agency reportedly requested $2 billion from the firm.