Ripple CEO Sees Bipartisan Crypto Regulation Progress in DC Meetings

Ripple CEO Brad Garlinghouse expressed optimism about the progress of bipartisan cryptocurrency regulation in Washington, D.C., following his meetings with key lawmakers. In a Feb. 13 post on X, Garlinghouse shared that he had engaged with several policymakers, including Senators Tim Scott and Chuck Schumer, and Representatives French Hill, Ritchie Torres, and Bill Huizenga.

Garlinghouse highlighted the rare opportunity to advance bipartisan legislation that could create a well-defined regulatory framework for digital assets. He described the discussions as promising, noting that lawmakers appear more open to regulations that support innovation while ensuring market stability.

Garlinghouse's statement reflects the general sentiments in the crypto industry, where major stakeholders believe that the Trump administration will usher in a new era of development and progress for the emerging sector. Legislative efforts to establish more straightforward crypto laws have gained momentum, with recent policy moves signaling a shift toward structured oversight.

Congress has already taken steps toward crypto regulations, particularly in the stablecoin sector. The House of Representatives is advancing the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, while the Senate is working on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. These bills propose licensing requirements, risk management strategies, and asset reserve rules for stablecoin issuers. However, the final outcome remains uncertain.

Meanwhile, regulatory bodies such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are also working on frameworks to balance economic growth with market integrity. This is evidenced by Trump's key personnel appointments of pro-crypto individuals to lead the agencies.