Ripple CEO Brad Garlinghouse spoke for the first time after attending a crypto meeting at the White House earlier this week and joining the CFTC’s Innovation Advisory Committee, which he calls “the Olympic rules of crypto.”
He noted that even though there were numerous participants from the traditional finance world, the conclusion was unanimous – old rules do not work under the current market environment.
Garlinghouse Speaks Out
Aside from the big price moves over the past week, the other notable development, which might have actually influenced the market revival, was the gathering at the White House organized by the Trump administration. The POTUS met with executives from Coinbase, Ripple, Gemini, and other big crypto companies, as well as the chairmen of the SEC and CFTC.
Perhaps the most important part of the agenda was the highly anticipated CLARITY Act. Policymakers continue to fight over the key legislation, which has failed to garner support from Democrats. As reported, Trump called on Congress to pass a “fair version” of the bill as it would help keep the US in front of China.
The legislation passed the House of Reps in July 2025 but stalled in the Senate over issues such as ethics provisions, stablecoin rewards, and tokenized equities. Garlinghouse said after the event that it was “great to be back at the White House” alongside Trump, CFTC’s Mike Selig, and SEC’s Paul Atkins.
He said that the big picture is clear since 1 in 4 Americans own digital assets: crypto “isn’t a fringe industry. And Washington, DC, knows the crypto voter is alive and well.”
“This President’s incredible commitment to innovation and leadership around digital assets in the US has been profound. The future is bright,” his post concluded.
After the CFTC Event
Garlinghouse also spoke after the CFTC meeting, noting that all parties involved, including those from the TradFi world, believe the current written regulatory rules represent a different era and “aren’t good enough” for the current one. It’s not enough for business, nor for innovation, he added.
He referred to an old open letter he wrote in 2019 in which he urged the US authorities to create clearer rules for crypto. Seven years later, the industry is still waiting. On the plus side, he believes the Trump administration, alongside some appointees like Selig, and a “myriad of bold leaders in Congress,” are finally on the right track as the industry has “never been closer” to such rules.
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