, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework.

Ripple posted a Tuesday blog post on its site. ReleasedThe firm’s vision of a regulatory system that promotes innovation, while also protecting American investors is outlined. According to the firm, regulators need to be encouraged to promote innovation sandboxes, some of the existing frameworks in the U.S. can be applied to cryptocurrencies and there should be “an active dialogue between regulators and market participants.”