Brad Garlinghouse, CEO of Ripple, has spoken up on the crypto regulatory battle in the U.S.

Brad Garlinghouse, CEO of Ripple, has spoken up on the crypto regulatory battle in the U.S. This time he’s again on the side of President Donald Trump. Ripple CEO Supports Donald Trump’s Promises In a post on X, Ripple’s Garlinghouse wrote, “Anti-Crypto Army” had been defeated “by the courts, by the voters, and by Trump.” He said that the Democrats’ anti-crypto crusade “never made policy, legal or political sense.” The Ripple CEO added, “Combatting financial innovation only helped protect those that wanted to keep an old, often broken, system in place.” His comments entered amid the crypto sector’s grave concern regarding the future of the CLARITY Act. For context, this crypto bill would state the jurisdiction of the U.S. SEC and CFTC. It eyes a major Senate deadline In June amid the political upheaval over it. The pro-crypto messaging has been a thing Trump has been pushing in recent times, which the Ripple CEO has supported every time. In the Truth social post, the U.S. President accused former SEC Chair Gary Gensler and the anti-crypto regulators of driving “Bitcoin, Crypto, Perpetuals, and innovation” out of America. He said his government had a positive role in attracting entrepreneurs and builders back to the country. “America is now the CRYPTO CAPITAL of the WORLD,” Trump wrote. He also promised a “FUTURE-PROOF Digital Asset Market Structure” that cannot be undone by “Crypto Haters.” Trump-Backed Crypto Projects Under Fire Amid Regulatory Updates Meanwhile, Senator Cynthia Lummis is raising the alarm about the CLARITY Act’s future. She posted on X, “If the CLARITY Act doesn’t pass this Congress, American software developers will be targeted again for prosecution in the near future just for publishing code.” She added, “These are the stakes.” The bill is coming under increasing pressure in Washington. Political tensions are hampering lawmakers’ efforts to get the legislation moving this year, per TD Cowen analyst Jaret Seiberg. A section that is controversial might prohibit elected officials, such as Congress members and the President, from trading digital currency while they are in office. The provision could have an immediate impact on crypto startups associated with Trump. It includes such as the World Liberty Financial and American Bitcoin, TRUMP and MELANIA meme coins. Further, like Ripple CEO Garlinghouse, Lummis went on to defend Trump’s crypto stance. She asserted that “other admins have senselessly punished the digital asset industry” but Trump has implemented policies that “embrace this industry & help it thrive.” She concluded, “Let’s get the bipartisan Clarity Act to his desk so he can make the U.S. the crypto capital of the world with a stroke of a pen.”

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