Ripple CEO Brad Garlinghouse Comments on White House Crypto Meeting
Ripple CEO Brad Garlinghouse expressed pride in attending the August 19 White House meeting with crypto industry leaders, including Coinbase's Brian Armstrong and SEC Chairman Paul Atkins. The event was part of efforts to position America as a global leader in cryptocurrency regulation and innovation under President Donald Trump’s administration. CFTC Chairman Mike Selig highlighted regulatory advancements such as the GENIUS Act and clearer rules for distinguishing between crypto securities and commodities. Market data shows XRP spot ETFs saw $6.14 million in net inflows on September 3, reversing a previous outflow trend with cumulative assets now at $1.55 billion. Derivatives activity also surged, with open interest rising to $3.32 billion and trading volume increasing by 63%. XRP's price remained stable around $1.4465 after an earlier 8% gain. The meeting is seen as a step toward shaping the future of crypto regulation in the U.S., potentially influencing investor confidence and market dynamics.
Topics: crypto regulation Ripple CEO statement White House meeting XRP