Ripple CEO Hails Trump Administration's Crypto Support, Stock Rises 5%

Ripple’s CEO, Brad Garlinghouse, has expressed his appreciation for the Trump administration’s support for the cryptocurrency industry. He highlighted two significant events: the first-ever White House Crypto Summit and the U.S. Commodity Futures Trading Commission (CFTC) CEO Roundtable. These events marked a pivotal moment in the regulatory landscape, bringing together industry leaders and policymakers to shape the future of the crypto sector.

Garlinghouse emphasized the administration’s growing focus on providing regulatory certainty, particularly through Congressional action. He noted key priorities such as establishing a Bitcoin reserve and a government-backed stablecoin tied to U.S. Treasury assets. This shift in approach, he believes, signifies a new era of support and cooperation between the government and the crypto industry, contrasting with previous stances.

Garlinghouse was optimistic about these developments, stating, “I was very glad to see the overwhelming support from this administration.” He suggested that this new openness towards digital assets could foster a more stable and predictable regulatory environment, boosting confidence in conducting business within the industry.

Garlinghouse also acknowledged the efforts of key figures, including former President Donald Trump, for engaging with crypto industry leaders and facilitating discussions on regulatory frameworks. He thanked David Sacks, the White House AI and Crypto Czar, and Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, for their roles in organizing the Crypto Summit.

These discussions, according to Garlinghouse, indicate a significant change in how regulators and lawmakers view cryptocurrencies. The presence of key decision-makers at these events showed a willingness to integrate digital assets into the broader financial system, rather than dismissing them as speculative or unregulated.

Garlinghouse called on the crypto community to set aside internal rivalries and focus on common goals, particularly advocating for equitable and transparent regulations. He reiterated Ripple’s commitment to being the voice for a level playing field and emphasized the need for industry-wide collaboration to drive necessary legislation in the U.S.

Garlinghouse’s comments reflect a growing momentum towards mainstream acceptance and regulatory clarity for digital currencies. The government’s interest in areas such as a proposed Bitcoin reserve and stablecoin regulation suggests a tipping point in how policymakers view crypto-related policymaking.

While the crypto community remains hopeful that these engagements will lead to clearer regulations and wider