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With the advancement of the US cryptocurrency market structure bill and news related to the Bank for International Settlements (BIS) overlapping, the Ripple and XRP ecosystem is said to have simultaneously encountered a double positive: developer protection and global payment network expansion.
According to Bitcoinist on May 15 (local time), cryptocurrency commentator Pumpius stated in an X (formerly Twitter) post that Section 604 of the US cryptocurrency market structure bill is a significant victory for XRP. This provision addresses the Blockchain Regulatory Certainty Act and includes content that protects cryptocurrency developers.
Pumpius explained that developers who create open-source blockchain software and do not control user funds are not classified as money transmitters. He stated that writing code, building self-custody tools, and operating nodes are not money transmission activities, and that this provision could reduce the legal uncertainties for developers in the XRP Ledger ecosystem. Pumpius said, “For years, developers have lived in fear that releasing code could lead to legal problems. Now that fear is gone.”
Bitcoinist reported that the US cryptocurrency market structure bill passed the Senate Banking Committee the previous day with 15 votes in favor and 9 against. The bill will now proceed to full Senate deliberation and voting, and the media explained that market participants are pricing in the possibility of achieving regulatory clarity.
Pumpius also claimed in another X post that Ripple has achieved significant success in a new development related to the Bank for International Settlements (BIS). He stated that an insider at the Bank of Japan (BOJ) confirmed that a close colleague had secured a highly influential position at the BIS, and that this individual could be a meaningful catalyst for expanding Ripple's cross-border payment technology.
Pumpius asserted that this BIS-related development is not an ordinary personnel matter and could accelerate XRP adoption among major institutional players and across the international payment network. Bitcoinist reported that he also mentioned Ripple's deep connections in Japan through SBI Ripple Asia, XRP pilot projects pressuring SWIFT (Society for Worldwide Interbank Financial Telecommunication), and XRP Ledger-based tokenization.
However, Bitcoinist noted that the content of this article was based primarily on Pumpius's claims and posts. Whether the full Senate vote on the US cryptocurrency market structure bill and the BIS-related personnel developments will lead to actual institutional changes and payment network adoption in the future remains the next point of verification for the XRP ecosystem.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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