Ripple's Chief Legal Officer, Stu Alderoty, has praised a proposal by Federal Reserve Governor Christopher Waller that could allow crypto firms direct access to Fed 'skinny' accounts. This move, Alderoty suggests, could significantly boost the adoption of Ripple's stablecoin, RLUSD, by enabling direct use of central bank payment systems, bypassing traditional banks. While the proposal is still theoretical, it highlights potential shifts in the regulatory landscape that could benefit digital assets. Additionally, Ripple has committed $50 million to the National Crypto Association to support digital asset promotion and address negative perceptions.
Ripple Executive Praises Fed Proposal for Direct Crypto Access
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