Blockchain technologies continue to spread around the world. Blockchain company Ripple has signed an important agreement to prevent possible climate crises that may occur with this growth. As the US Securities and Exchange Commission (SEC) and Ripple lawsuit continue, Ripple continues to take new steps for the future. In a statement made by blockchain company Ripple, it was stated that an important agreement was signed to prevent the climate crisis.
In the statement made by Ripple, the following words were included:
"When it comes to the climate crisis, crypto must do its part to help build a more sustainable future. Yesterday, we signed the @ClimatePledge and joined 375+ businesses that are prioritizing the planet."
Environmental groups and governments have recently criticized crypto companies for their activities. Crypto companies, which have been criticized for causing the energy problem and climate crisis, have recently taken new steps to correct their image. Recently, Bitcoin mining company Marathon stated that regulators should create incentive programs for renewable energies for cryptocurrency mining activities. However, Ethereum, the second largest cryptocurrency after Bitcoin, has significantly reduced its energy consumption with the successful Merge upgrade that took place in the past weeks. With this statement, Ripple joined the environmentalist companies.
The Meeting That Excited the Ripple Community
American lawyer Caroline D. Pham, who serves as a commissioner at the Commodity Futures Trading Commission (CFTC), announced in a recent tweet that she had a meeting with Ripple CEO Brad Garlinghouse. Lawyer Pham said his visit to Ripple Labs was part of his "educational trip". XRP CEO Garlignhouse said it was "a great pleasure" to have him in his company.
Many members of the community also took the opportunity to criticize the US Securities and Exchange Commission (SEC), which has taken a more aggressive approach to regulating crypto than other institutions. There are also those who believe that the timing of the meeting was not a coincidence. Some XRP fans went so far as to argue that the CFTC could become the coin's main regulator, meaning it would be classified as a commodity. SEC Chairman Gary Gensler has repeatedly emphasized that the vast majority of existing cryptocurrencies are securities. However, the SEC has recognized Bitcoin as a commodity. This means that the CFTC is responsible for regulating it.