Brad Garlinghouse Backs US Crypto Legislative Push Amid Policy Shifts

• Garlinghouse backs U.S. crypto regulatory push, emphasizing bipartisan support from key committee leaders.
• Sacks discusses Bitcoin Strategic Reserve and highlights broader digital asset policies and stablecoin regulation.
• The GENIUS Act mirrors a growing legislative focus on stablecoin regulation and the U.S. dollar’s global dominance.

Ripple CEO Brad Garlinghouse has strongly supported recent actions in the U.S. crypto policies. His comments come after a press conference by U.S. crypto czar David Sacks, which has sparked debates over the future of Bitcoin reserves and broader digital asset policies. 

Ripple CEO Commends Legislative Support for Crypto

Garlinghouse has dismissed criticism surrounding the recent policy discussions led by David Sacks. He emphasized that the involvement of influential financial committee leaders marks a pivotal moment for the country’s crypto regulation. 

The Ripple CEO pointed out that the collective commitment from key figures, including the Chairs of the Senate Banking, House Financial Services, Senate Ag, and House Ag committees, is unprecedented.

In a post on X, Garlinghouse stated, “Any criticism of today’s press conference is absolutely missing the forest for the trees.” His statement underscores the significance of bipartisan support for crypto clarity. Sacks has acknowledged Garlinghouse’s backing, fueling speculation about Ripple’s potential role in future regulatory frameworks.

Bitcoin Reserve and Broader Digital Asset Focus

During the press conference, Sacks discussed the possibility of a Bitcoin Strategic Reserve, in line with former President Donald Trump’s directive. However, concerns arose when Sacks mentioned digital assets more frequently than Bitcoin itself, suggesting that the U.S. government might expand its focus beyond Bitcoin to encompass other digital assets.

Sacks also addressed the role of stablecoins in reinforcing the U.S. dollar’s global dominance. He outlined how stablecoins could increase demand for U.S. treasuries and help reduce long-term interest rates. 

This idea mirrors recent legislative moves, such as the introduction of the GENIUS Act by Senator Bill Hagerty, aimed at stablecoin regulation. Despite uncertainties surrounding a Bitcoin reserve, the U.S. crypto market is witnessing increased legislative support.