As an analyst, I would put it this way: I, as an analyst, noted that Brad Garlinghouse, Ripple’s CEO, publicly expressed his disappointment following U.S. Senator Cynthia Lummis’ cancellation of their scheduled meeting and her refusal to reschedule. During his visit to Washington D.C. for business engagements, this incident transpired.
In context of X, Garlinghouse expressed his dissatisfaction towards Lummis, urging her to advocate for all kinds of digital currencies instead of just Bitcoin. He proposed a discussion on this topic either on X Spaces or at a public forum. Notably, Lummis is recognized for her advocacy of Bitcoin and serves as the chairperson of the Senate Digital Assets Subcommittee from Wyoming.
Moving towards Washington D.C., I aim to advocate for reasonable pro-cryptocurrency regulations focusing on stablecoins and market frameworks. It’s heartening to witness our political leaders viewing cryptocurrencies in their proper perspective – as a multi-chain industry.
However, @SenLummis, serving as the Chair of the Digital Assets Subcommittee, I look forward to working together…
— Brad Garlinghouse (@bgarlinghouse) May 19, 2025
The choice to call off the meeting led to a divide within the crypto community. Some individuals criticized Lummis for allegedly backing Bitcoin, while others commended her for it. Furthermore, on X, someone expressed that the playing field seemed imbalanced, and Bitcoin maximalist Troy Cross thanked Lummis for thwarting the fraudsters.
Despite encountering criticisms, Lummis remains a staunch supporter of Bitcoin and encourages Americans to consider investing in it as part of their retirement planning. She is actively engaged in drafting bills concerning taxation for digital currencies and the oversight of stablecoins.
The introduction of XRP futures by CME sparks debate and attracts more institutional interest. Ripple is eagerly awaiting regulatory clarity regarding a potential spot XRP ETF, anticipated by late 2025. Garlinghouse advocates for uniform regulation of all blockchain networks, not just Bitcoin.
As tensions escalate among Bitcoin enthusiasts and supporters of other cryptocurrencies, there’s a growing expectation that industry leaders will advocate for a diverse range of digital assets.
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2025-05-20 07:36