• Ripple CEO calls for clear crypto rules to ensure growth and secure innovation in digital finance.  
• XRP has improved global payments by reducing transaction costs and speeding up cross-border money transfers.  
• Ripple contributes to campaigns supporting leaders who aim to make better regulations for the crypto industry.  

Brad Garlinghouse appeared on “60 Minutes” and urged for clear regulations to guide the cryptocurrency industry. He stressed that Ripple and other companies were not asking to bypass regulation but needed clear rules to support innovation and ensure stability in the market.  

Garlinghouse pointed out the FIT 21 bill, passed by the U.S. House of Representatives in May, as a positive development. This bill proposes a new framework for regulating digital assets and fostering responsible industry growth. He also addressed how Ripple’s payment system, powered by XRP, has made cross-border payments faster and cheaper while ensuring compliance with financial rules.  

Discussions of Crypto and Industry Criticism

The show included former SEC official John Reed Stark, who took a critical stance on cryptocurrencies and labeled them speculative. He claimed that digital currencies lack financial fundamentals and cited court rulings where cryptocurrencies were often classified as securities.  

Garlinghouse countered these statements by comparing blockchain skepticism to the early doubts surrounding the internet, which has since become transformative. He noted that leading financial institutions, including JPMorgan Chase, have started adopting blockchain technology to enhance efficiency and innovation. Ripple’s payment solutions continue to drive progress by handling billions of dollars in secure and cost-efficient transactions.  

Political Funding and Crypto’s Market Growth 

The 60 Minutes episode highlighted political contributions from crypto companies, including Ripple, during the last election cycle. Ripple, alongside two other companies, donated $144 million to a SuperPAC that supported candidates favoring crypto regulations.  

Ripple has also added $25 million to Fairshake, a fund now totaling $103 million aimed at supporting pro-crypto candidates in the future. Despite ongoing regulatory uncertainty, XRP has surged over 300% since Election Day, showing significant market confidence and adoption.  

Although critics like JPMorgan CEO Jamie Dimon and investor Warren Buffet continue to dismiss cryptos, the launch of a Bitcoin ETF earlier this year brought record-breaking investments. The increasing adoption of blockchain and crypto solutions demonstrates the industry’s growing role in financial systems.  

The post Ripple CEO Advocates for Fair Crypto Rules and Highlights XRP Growth  appeared first on Crypto News Land.

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