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


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

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Ripple CEO Brad Garlinghouse said after attending a White House crypto meeting and joining the CFTC Innovation Advisory Committee that participants from traditional finance agreed existing rules do not work in the current market. The high-level regulatory engagement signals increased focus on crypto regulation and potential adoption benefits for Ripple and the broader crypto and DeFi ecosystem.

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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.

Read the article at CryptoPotato

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