Ripple CEO praises Trump administration on crypto policy

Ripple (CRYPTO:XRP) CEO Brad Garlinghouse has expressed support for the Trump administration’s stance on cryptocurrency, citing recent policy discussions and regulatory initiatives.  

Garlinghouse highlighted key developments, including the first White House Crypto Summit and a U.S. Commodity Futures Trading Commission (CFTC) CEO Roundtable.

He described the past week as pivotal for the industry, with conversations focused on regulatory clarity, a Bitcoin (CRYPTO:BTC) reserve, and stablecoin innovation backed by U.S. Treasuries.  

“There’s been a lot of talk about what this White House has and will prioritize with their crypto agenda – most importantly, regulatory clarity through Congressional action, as well as a BTC reserve crypto stockpile, support for stablecoin innovation backed by U.S. Treasuries, and more,” Garlinghouse stated on X.  

He also noted the administration’s engagement with crypto industry leaders.

“I was extremely pleased to see the incredible support from this administration,” he said.  

Garlinghouse acknowledged President Donald Trump for hosting crypto leaders at the White House, contrasting this approach with what he described as “the hostility of the Biden administration.”  

He also thanked White House AI and Crypto Czar David Sacks, Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, and CFTC Commissioner Caroline Pham for facilitating discussions.  

Garlinghouse emphasised the need for a unified approach within the crypto sector, urging industry participants to focus on regulatory progress rather than internal disputes.  

“We will – as we’ve always done – continue to champion the need for a level playing field (and it was great to hear others in the room echo this as well!) and for the industry to come together to move much needed legislation forward in the U.S.,” he stated.  

At the time of reporting, the XRP price was $2.17.