On Friday, Ripple CEO Brad Garlinghouse attended a meeting with several lawmakers to discuss crypto regulations. Judging from his comments after the meeting, Garlinghouse seems hopeful about crypto’s future policies.
He met with Rep. Ritchie Torres and Senator Tim Scott, the U.S. Senate Banking Committee chairman. Representatives French Hill, Bill Huizenga, Bryan Steil, Zach Nunn, and William Timmons were also present.
Ripple CEO believes there could be meaningful bipartisan crypto legislation
Brad Garlinghouse shared pictures of him and other policymakers after the meeting, and judging from his X post, he seems hopeful about upcoming clearer crypto policies.
The firm’s CLO, Stuart Alderoty, also joined the CEO at the meeting; however, it’s unclear whether other Ripple executives were present.
Aside from Alderoty and Garlinghouse, Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, New York Senator Chuck Schumer, and Democratic Whip of the US House of Representatives, Katherine Clark, were present in the meeting.
Garlinghouse believes lawmakers could establish proper bipartisan regulation. He said:
Walked away from an action-packed day in DC yesterday with the feeling that there is (finally) an incredible opportunity to advance meaningful bipartisan legislation that establishes clear, constructive and pro-innovation regulatory frameworks for crypto.
Brad Garlinghouse
Garlinghouse previously spoke with Trump about having XRP as a reserve asset
In January, Garlinghouse also discussed including XRP in the national digital asset reserve with President Trump.
At the time, Garlinghouse expressed his confidence in Trump’s leadership, saying the president understands blockchain technology and is committed to being the crypto president of the United States.
Before Ripple had even donated $5 million to support Trump’s inauguration, further highlighting Garlinghouse’s confidence in Trump’s leadership.
Ripple has also recently transferred millions of XRPs in a single transaction. According to Whale Alert, Ripple transferred 300,000,000 XRP to an unknown wallet, even as the XRP token continues to surge. So far, the XRP token has increased by over 11.38% in the last 24 hours, trading at $2.72.
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Source: https://www.cryptopolitan.com/ripple-is-optimistic-on-crypto-regulations/