Ripple CEO Brad Garlinghouse Backs Trump Against ‘Anti-Crypto Army’

Kritika Mehta
Updated
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.
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Ripple CEO Brad Garlinghouse Backs Trump Against 'Anti-Crypto Army'

Highlights

  • Ripple's Brad Garlinghouse extended support for U.S. President Trump's remarks on crypto.
  • Trump has promised to roll out a "future-proof" that anti-crypto lawmakers can't undo.
  • Senator Lummis also applauded Trump's recent pro-crypto statements.

Brad Garlinghouse, CEO of Ripple, has spoken up on the crypto regulatory battle in the U.S. This time he’s again on the side of President Donald Trump.

Ripple CEO Supports Donald Trump’s Promises

In a post on X, Ripple’s Garlinghouse wrote, “Anti-Crypto Army” had been defeated “by the courts, by the voters, and by Trump.” He said that the Democrats’ anti-crypto crusade “never made policy, legal or political sense.”

The Ripple CEO added, “Combatting financial innovation only helped protect those that wanted to keep an old, often broken, system in place.”

His comments entered amid the crypto sector’s grave concern regarding the future of the CLARITY Act. For context, this crypto bill would state the jurisdiction of the U.S. SEC and CFTC. It eyes a major Senate deadline In June amid the political upheaval over it.

The pro-crypto messaging has been a thing Trump has been pushing in recent times, which the Ripple CEO has supported every time.

In the Truth social post, the U.S. President accused former SEC Chair Gary Gensler and the anti-crypto regulators of driving “Bitcoin, Crypto, Perpetuals, and innovation” out of America. He said his government had a positive role in attracting entrepreneurs and builders back to the country.

“America is now the CRYPTO CAPITAL of the WORLD,” Trump wrote. He also promised a “FUTURE-PROOF Digital Asset Market Structure” that cannot be undone by “Crypto Haters.”

Trump-Backed Crypto Projects Under Fire Amid Regulatory Updates

Meanwhile, Senator Cynthia Lummis is raising the alarm about the CLARITY Act’s future. She posted on X, “If the CLARITY Act doesn’t pass this Congress, American software developers will be targeted again for prosecution in the near future just for publishing code.” She added, “These are the stakes.”

The bill is coming under increasing pressure in Washington. Political tensions are hampering lawmakers’ efforts to get the legislation moving this year, per TD Cowen analyst Jaret Seiberg.

A section that is controversial might prohibit elected officials, such as Congress members and the President, from trading digital currency while they are in office.

The provision could have an immediate impact on crypto startups associated with Trump. It includes such as the World Liberty Financial and American Bitcoin, TRUMP and MELANIA meme coins.

Further, like Ripple CEO Garlinghouse, Lummis went on to defend Trump’s crypto stance. She asserted that “other admins have senselessly punished the digital asset industry” but Trump has implemented policies that “embrace this industry & help it thrive.”

She concluded, “Let’s get the bipartisan Clarity Act to his desk so he can make the U.S. the crypto capital of the world with a stroke of a pen.”

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.