Ripple CEO Brad Garlinghouse raised concerns after a meeting planned with American senator Cynthia Lummis, an eminent supporter of Bitcoin, was canceled without reprogramming.
During a trip to Washington, DC, where he pleads for balanced and inclusive regulations of digital assets, Garlinghouse expressed his disappointment on X (formerly Twitter).
“I hope you will reconsider and be a leader for the whole crypto,” wrote Garlinghouse, inviting Senator Lummis to join him for a public discussion via X spaces or a live event.
He stressed the importance of supporting all blockchain networks – not just Bitcoin – in particular the Lummis chairs of the Senate Senate Digital Assets and represents Wyoming, a state known for its cryptographic friendly position.
The cryptographic community is divided while Garlinghouse challenges the objective of Senator Lummis Bitcoin only
Garlinghouse's remarks underline the continuous fears that Bitcoin has other digital assets and companies that help develop the technology of obsolete blockchain. The abandoned meeting attracted the reactions of members of the cryptographic community. Some have accused the senator of being biased and expressed his frustration in the face of his position.
On X, the user @ darkscarf89 expressed their curiosity as to the reason why the senator had refused a meeting, highlighting a divergence in favor of a level playground which may not fully correspond to the story of Bitcoin.
The maximalists of Bitcoin, however, praised Lummis. Troy Cross thanked her “to have fought against the crooks”, a decision that could suggest skepticism towards Ripple and his XRP token.
This conversation illustrates the friction that exists between Bitcoin maximalists and supporters of a larger and more welcoming regulatory strategy. Industry participants are increasingly requiring models that apply to all digital assets, not just Bitcoin.
The scandal did not do much to vacillate the love of Senator Lummis for Bitcoin. She recommended that the Americans consider Bitcoin as a long -term investment, coverage against inflation and a weakened US dollar.
“I encourage people to save Bitcoin for their retirement, for their future,” said Lummis recently. Its strong Bitcoin focus won both the praise of the Bitcoin community and the criticisms of other parts of the cryptography ecosystem.
However, Lummis worked in collaboration on cryptographic legislation beyond Bitcoin. She and Senator Bernie Moreno co-introduced a bill to improve the treatment of digital asset tax. They expressed their frustration in the face of the failure of the bipartite engineering law to adopt – a bill designed to create a regulatory framework for stablecoins.
CME XRP FUTURES IGNITE request for approval and regulatory clarity of the ETF spot
The launch of today of CME XRP Futures draws attention to approval pending an ETF XRP spot. With long -term trading attracting institutional interests, regulatory clarity on XRP products is increasingly urgent.
Garlinghouse had previously expressed its optimism that an ETF XRP Spot could be approved by the end of 2025, in particular after the conclusion of Ripple's legal dispute with the dry.
Meanwhile, analysts like Fred Rispoli note the potential role of XRP in a reserve of digital assets proposed described in a decree of the Trump era, adding another layer of complexity to the regulatory perspectives of XRP.
Garlinghouse supports Pro-Crypto legislation while the Senate is preparing to debate
The CEO of Ripple told his supporters on X that he was going to Washington to support what he had called “sensitive pro-Crypto” legislation focused on stablecoins and the structure of the market. He said he had been encouraged to see the legislators recognizing the crypto as a multi -care industry “as it should be”.
Stablecoins are cryptocurrencies designed to maintain stable value, unlike volatile assets like Bitcoin. They are generally fixed to traditional currencies such as the US dollar or products like gold. On December 17, 2024, Ripple launched his own stablecoin, Ripple USD (Rlusd).
Senator Cynthia Lummis, a well -known cryptography lawyer, previously presented the Bitcoin law, which proposes to create a Bitcoin strategic reserve. She recently declared that the senators had agreed to the final wording of the legislation on the new Senate Stablecoin and expects the bill to reach the prosecution next week.
The bill in question is the guide and the establishment of national innovation of the Stablescoins (engineering) law. Presented by Senator Bill Hagerty (R-TN), he is co-pacarrained by the Lummis, Tim Scott (R-SC) and Kirsten Gillibrand (D-NY) senators.
The Bill on Engineering Law has been faced with roadblocks – in particular because of the Democrats, including Senator Elizabeth Warren (D -MA), who opposed it – due to President Donald Trump was linked to the Stablecoin USD1.
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