- Brad Garlinghouse criticizes Senator Lummis
- Canceled meeting raises questions
The leader of Ripple Labs, Brad Garlinghouse, is going to Washington, aiming to help improve crypto regulations, especially as they concern stablecoins.
In a post on X, Garlinghouse expressed hope that those in power will see crypto as a diverse and rapidly growing industry, while raising some concerns over the cancelation of previously scheduled meeting with the U.S. Senator.
Brad Garlinghouse criticizes Senator Lummis
Mr. Garlinghouse has criticized Senator Cynthia Lummis for canceling a previously scheduled meeting and showing no signs of wanting to reschedule. According to Garlinghouse, Senator Lummis comes from a state that is very open to cryptocurrencies.
Because of this, he urged her to take the lead, since she is in charge of the digital asset committee. He even suggested discussing the matter publicly, through a live event if their paths cross, or over X Spaces.
According to Garlinghouse, it is vital to strengthen the U.S. lead in cryptocurrency, as it aligns with the administration’s main intentions. He stated he will continue to support laws that promote innovation.
Canceled meeting raises questions
While lawmakers consider crucial crypto legislation, some advocate for more regulations, while others argue for a lighter touch to foster innovation. Many analysts say the canceled meeting with Sen. Lummis highlights how members of Congress may be reluctant to engage with industry leaders to improve the space.
Although Brad Garlinghouse expressed frustration in his remarks, his comments reveal that he remains committed to pushing for clearer rules as crypto grows in popularity.
A number of industry experts are concerned that Sen. Lummis canceled her meeting, especially as she has been a strong supporter of digital assets. Some see the cancellation as a sign of deeper challenges, while others think it could be due to simple scheduling conflicts.
Earlier on Twitter, Garlinghouse suggested that the launch of XRP futures by CME Group represents a big step forward for XRP in the institutional market.
John Deaton and other industry supporters believe that delaying the approval of the GENIUS Act could stall progress on crypto legislation until after the midterm elections.