Ziad El Baba, the chief product officer of Ramp Network, believes that the recent dip in the crypto market after the Harris-Trump debate does not indicate a clear preference for either candidate. He suggests that the quick recovery of the market highlights the industry's growth is not tied to the success of any particular candidate. Although El Baba acknowledges that the crypto community could impact election outcomes due to their demographics and social reach, he believes that the industry's decentralized and global nature ensures it remains bipartisan. El Baba also advocates for pilot programs and phased rollouts before implementing rigid regulations, and supports public-private partnerships to develop industry standards aligning with regulatory goals. Ramp Network recently expanded its crypto purchases to all 50 states and the District of Columbia in the US, focusing on regulatory compliance as a core pillar of its strategy. El Baba sees product innovation playing a pivotal role in the future of Ramp Network and the broader intersection between the crypto economy and global financial infrastructure. As for cryptocurrency regulation, El Baba believes that collaborative engagement with stakeholders and international regulatory bodies is crucial, as rigid regulations without input from industry players could encourage market players to relocate to more favorable markets.
- Content Editor ( news.bitcoin.com )
- 2024-09-22
Fintech Veteran: Crypto Market Growth Not Tied to US Election Outcome