At the Consensus conference, Ripple CEO Brad Garlinghouse recently clarified that he doesn’t believe XRP is the only cryptocurrency worth investing in.
Despite past disagreements with the Bitcoin community, Garlinghouse says he hopes Bitcoin will ultimately succeed.
I’m not a strong supporter of just XRP, and I don’t believe we’ll end up with only one dominant blockchain. Instead, many different blockchains will likely coexist. Ultimately, I’m hoping to see Bitcoin thrive,” Garlinghouse explained.
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Supporting the Clarity Act
The head of Ripple thinks the next two weeks will be critical for the Clarity Act, a key piece of cryptocurrency legislation that hasn’t yet been approved by the Senate.
Garlinghouse has recalled tweeting out that perfection is the enemy of progress back in January.
Ripple’s CEO has admitted the Clarity Act isn’t flawless. He explained that no law is ever perfect, and that all legislation involves compromises. However, he believes the Clarity Act is a positive step forward, offering a better solution than the current uncertainty. “It’s not perfect, but it’s better than chaos,” he stated.
Ripple’s CEO believes the cryptocurrency industry is moving past a period of hostile regulation led by former SEC Chair Gary Gensler. He suggests companies should be relieved that the SEC’s practice of regulating through enforcement actions is likely over. Garlinghouse recently highlighted Ripple’s resilience – stating many other companies wouldn’t have survived the SEC’s scrutiny – while standing in front of a billboard proclaiming “DIDN’T FOLD” at an XRP event in Las Vegas. He emphasized that the SEC’s decision to target Ripple was a mistake, as the company was strong enough to fight back.
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2026-05-05 22:18