Ripple CEO Speaks Out After White House and CFTC Meetings: Here’s What He Said

The exec said it was great to join the inaugural CFTC Innovation Advisory Committee shortly after the White House gathering.

Ripple CEO Brad Garlinghouse spoke for the first time after attending a crypto meeting at the White House earlier this week and joining the CFTC’s Innovation Advisory Committee, which he calls “the Olympic rules of crypto.”

He noted that even though there were numerous participants from the traditional finance world, the conclusion was unanimous – old rules do not work under the current market environment.

Garlinghouse Speaks Out

Aside from the big price moves over the past week, the other notable development, which might have actually influenced the market revival, was the gathering at the White House organized by the Trump administration. The POTUS met with executives from Coinbase, Ripple, Gemini, and other big crypto companies, as well as the chairmen of the SEC and CFTC.

Perhaps the most important part of the agenda was the highly anticipated CLARITY Act. Policymakers continue to fight over the key legislation, which has failed to garner support from Democrats. As reported, Trump called on Congress to pass a “fair version” of the bill as it would help keep the US in front of China.