- Brad Garlinghouse highlights key discussions at the White House Crypto Summit and CFTC CEO Roundtable.
- The administration prioritizes regulatory clarity, a BTC reserve, and stablecoin innovation.
- Garlinghouse urges industry unity, rejecting infighting and maximalist rhetoric.
Ripple CEO Brad Garlinghouse described the past week as a turning point for the cryptocurrency industry.
He pointed to high-level discussions at the White House Crypto Summit and the Commodity Futures Trading Commission (CFTC) CEO Roundtable.
Key Priorities Emerge from White House & CFTC Discussions
Garlinghouse highlighted the key regulatory priorities that emerged from the meeting, on social media platform X. They included Congressional action on crypto legislation, a Bitcoin reserve, and support for stablecoins backed by the U.S. Treasuries.
Garlinghouse also expressed optimism about the administration’s stance, contrasting it sharply with the previous Biden administration, which he characterized had been hostile towards crypto. That made him acknowledge the significance of the latest discussions, all the more, noting strong support for a fair regulatory framework that can transition to the industry’s growth.
Related: Garlinghouse Heads to White House Crypto Summit: XRP’s Role in Trump’s US Reserve in Focus
“Unity is Key” – Garlinghouse Calls for Industry Collaboration
Garlinghouse also urged the industry to move past internal divisions and focus on achieving regulatory clarity. He criticized the ongoing “maxi-induced noise” and infighting, stating that the crypto sector should work together to ensure a level playing field.
“We will continue to champion the need for a fair regulatory environment,” he said.
Further, Garlinghouse thanked President Donald Trump, White House AI and Crypto Czar David Sacks, and Representative Bo Hines for facilitating crypto discussions at the White House and CFTC Commissioner Caroline Pham for hosting the regulatory roundtable.
Legal expert Bill Morgan echoed Garlinghouse’s statement as a “very positive and grateful take” on what he called a “monumental week” for crypto. He noted the stark contrast to the regulatory climate just six months ago.
Ripple Lawsuit Still Hanging
Despite these positive developments, the SEC’s lawsuit against Ripple remains active. Unlike many other cases that have been dropped, Ripple’s legal battle continues at the appellate court.
Related: SEC Drops Multiple Lawsuits and Investigations Against Crypto Firms—Here’s the List
It’s worth noting that the SEC has paused or dismissed multiple lawsuits and investigations involving major cryptocurrency firms in recent weeks. Companies like Binance, Coinbase, Kraken, and Uniswap have benefited from the SEC’s recent action. However, Ripple remains in a holding pattern, awaiting its fate.
Experts suggest the delay in Ripple’s case stems from the fact that the lawsuit has received a binding decision. Consequently, a quick settlement is not as straightforward as in other cases without a final judgment.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
