Ripple CEO praises Trump administration for crypto support

Ripple (CRYPTO:XRP) CEO Brad Garlinghouse has welcomed the Trump administration’s stance on cryptocurrency, highlighting recent regulatory discussions and the push for greater clarity in the sector.

Reflecting on key developments, Garlinghouse pointed to the first White House Crypto Summit and talks led by the U.S. Commodity Futures Trading Commission (CFTC).

He noted the administration’s support for a Bitcoin reserve and stablecoin innovation backed by U.S. Treasuries as positive steps for the industry.

“There’s been a lot of talk about what this White House has and will prioritise with their crypto agenda,” Garlinghouse said on March 7, emphasising the need for clear regulations through Congressional action.

He contrasted the current administration’s engagement with what he described as the “hostility of the Biden administration,” commending President Trump for welcoming crypto leaders to the White House.

Garlinghouse also thanked White House Crypto Advisor David Sacks and Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, for organising the summit.

He stressed the importance of unity within the crypto industry, urging participants to focus on common goals rather than competition between different cryptocurrencies.  

“We will continue to champion the need for a level playing field,” he stated, reaffirming Ripple’s commitment to regulatory advocacy.

The summit signals a shift in how policymakers engage with the crypto sector, raising hopes for clearer regulations that could support industry growth and innovation.

At the time of reporting, the XRP (XRP) price was $2.16.