- Brad Garlinghouse publicly criticized Senator Lummis for canceling a meeting on crypto regulation during his Washington visit.
- The Ripple CEO emphasized the need for stablecoin frameworks and urged transparent discussions with lawmakers.
- Despite political hurdles, Ripple continues to support legislative efforts that promote innovation in the digital asset space.
Ripple Labs CEO Brad Garlinghouse has called attention to a canceled meeting with Senator Cynthia Lummis during his recent trip to Washington. He expressed disappointment over the lack of follow-up from the senator, especially as she represents Wyoming, a state known for its support of digital assets. Garlinghouse highlighted the importance of the meeting, noting that Lummis leads the digital asset committee and plays a key role in shaping policy.
In a recent public post, Garlinghouse said that he was disappointed with the way Sen. Lummis retired from the meeting instead of rearranging. He suggested that people discuss digital asset regulations more openly and added that a live discussion about this could be done via X Spaces. According to Garlinghouse, better laws about cryptocurrency can be achieved through direct discussion among lawmakers and industry experts.
Pay attention to the frameworks of stablecoins.
This week, Garlinghouse is focusing on stablecoins, as opinions about them have been a main point in recent lawmaking. With new crypto legislation under consideration, including the GENIUS Act, Garlinghouse stressed the urgency of regulatory clarity. He stated that stronger frameworks could position the U.S. as a global leader in digital finance.
Given that Lummis had previously supported cryptocurrencies, some experts were concerned when they heard the meeting was canceled. There are questions about the strength of political support for crypto reform because of this decision. While one group thought the change was a result of calendar issues, another considered it a lost chance for the House in a crucial parliamentary period.
Through all this, Garlinghouse maintained his belief in calling for rules that support growth in the industry. He pointed to the launch of XRP futures by the CME Group as proof that institutions are showing greater interest in the market. Galaxy Digital stated that Ripple would continue to participate in policy talks so the U.S. can hold its place in the crypto world.
