Ripple Labs marketing president Monica Long said in an interview with Bloomberg Television on July 29 that the US government needs to act quickly to regulate digital assets. Monica Long said that the United States is at a critical crossroads in history, and its regulation ensures that responsible participants can use encryption technology in a continuous and innovative way, which will make the United States a global leader, just like the United States in the 1990s. That's what the Internet does. At the same time, Monica Long stressed that ideal regulation should be based more on principles than on limitations. She also pointed out that regulators should classify cryptocurrencies "in a way that identifies the fundamental differences in cryptocurrencies."