Ripple CEO Brad Garlinghouse has expressed optimism about ongoing progress in crypto regulation following his recent involvement with policymakers in Washington, D.C.
Garlinghouse used X on Thursday to disclose its recent involvement with top US policymakers. He suggested there was real momentum in providing much needed regulatory clarity to the crypto industry.
In particular, he recognizes bipartisan cooperation and works to establish a crypto framework for Democrats and Republicans.
Meeting participants
In his latest push, Garlinghouse met with key policymakers, including the chairman of the US Senate Banking Committee, Senator Tim Scott and Rep. Richie Torres.
Attendees at several meetings include Rep. William Timmons, Bill Huizenga, Brian Steele, Zac Nun, and France’s Hill.
The CEO of Ripple also shared his photos with these policymakers and confirmed the meeting. The photo shows Ripple Clo Stuart Aldeoty was also present.
Yesterday, we have an incredible opportunity to move forward with meaningful bipartisan laws (eventually) establishing a clear, constructive and innovative regulatory framework for DC, away from the action-packed day in DC. I felt that way.
Thank you for these…pic.twitter.com/lf6v536udg
– Blood Girlinghouse (@bgarlinghouse) February 13, 2025
It remains unclear whether other crypto stakeholders attended the meeting, apart from Ripple executives.
US Crypto Regulations
In particular, the US suffers from a lack of clear regulation of crypto, creating regulatory uncertainty for companies in the industry, including Ripple. This situation worsened during previous administrations, with the SEC regulating the industry through enforcement.
Despite the administration’s aggressive attitude towards the industry in the past, Ripple executives have been promoting regulatory clarity through meetings with policymakers on a variety of occasions.
However, after Donald Trump’s reelection, things began to look promising for the industry. In particular, President Trump has declared his unwavering support for codes. He is taking great steps to provide transparent and fair rules for the industry. This includes appointing procrypt supporters to top positions such as the Ministry of Finance, SEC and CFTC.
Additionally, Trump has established a Working Committee for Digital Assets to provide the industry with a federal regulatory framework. The group will also advise the president on whether to establish a national digital asset reserve.
As previously reported, Garlinghouse met up with Trump and promoted a reserve that features multiple cryptocurrencies rather than focusing solely on Bitcoin (BTC).
Under Trump’s leadership, Gerlinghouse is confident that the US crypto space will ultimately receive highly anticipated regulatory clarity. His latest involvement with policymakers shows that legislative advances towards crypto regulation may ultimately be on the horizon.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
