
Garlinghouse says crypto critics lost battle
Ripple chief executive Brad Garlinghouse said President Donald Trump's recent support for a “future-proof” digital asset framework signals a major shift in US crypto policy.
Garlinghouse pointed to Trump's Truth Social comments as evidence that opposition to cryptocurrencies and blockchain innovation has lost momentum among policymakers, voters and the courts.
“The ‘Anti-Crypto Army’ was defeated… by the courts… by the voters. And by Trump. It never made policy, legal or political sense,”
Said Garlinghouse.
The Ripple executive argued that years of enforcement-focused regulation primarily protected legacy financial interests while creating uncertainty for digital asset companies operating in the United States.
Ripple's legal battle with the Securities and Exchange Commission remains a key reference point in the debate after a federal judge ruled in 2023 that programmatic XRP sales on exchanges were not securities transactions, while certain institutional sales violated securities laws.
Attention is now shifting to proposed legislation such as the Digital Asset Market Clarity Act of 2025, which aims to establish clearer regulatory responsibilities between the SEC and the Commodity Futures Trading Commission.
Garlinghouse said Ripple will continue linking its legal victory and XRP's regulatory status to broader efforts to create a comprehensive framework covering digital asset markets, exchange access, custody services and institutional adoption.
At the time of reporting, XRP price was $1.31.