Ripple CEO Brad Garlinghouse Says U.S. Is Closer Than Ever to Clear Crypto Rules
Garlinghouse Claims U.S. Crypto Rules Are Unprecedentedly Close to Clarity
Ripple CEO Brad Garlinghouse stated that the U.S. has never been closer to clear crypto regulations.
After attending the first meeting of the CFTC Innovation Committee, he noted that participants, including traditional financial giants like Nasdaq, CME Group, Cboe, NYSE, and DTCC, unanimously agreed that the old rules are no longer applicable to current consumers, businesses, and innovations.
Garlinghouse recalled his 2019 letter to Congress calling for clear rules, stating that seven years later the industry is still waiting, but under the push from the Trump administration, CFTC Chairman Selig, and reform-minded Congress members, the current moment is "unprecedentedly close" to regulatory clarity.
He referred to the committee as the "Olympic lineup" for the crypto field and pointed out that Washington has not been silent during the August recess.
Previously, he attended a White House crypto meeting, meeting with Trump, SEC, and CFTC officials.
On the market mechanism level, regulators and industry leaders are discussing rules, driven by legislative advancements in crypto market structure, with attention and capital flowing towards projects with clear compliance paths, benefiting early compliance advocates like Ripple, while companies facing high regulatory uncertainty are under pressure.
Source: Public Information
ABAB AI Insight
Brad Garlinghouse has been publicly calling for a clear crypto framework in the U.S. since 2019, with the four-year lawsuit between Ripple and the SEC being a core argument. His direct participation in rule discussions as a CFTC advisor, bringing TradFi giants into consensus, strengthens the industry's unified voice that "old rules are ineffective."
In terms of capital pathways, Garlinghouse is promoting legislation through high-level meetings to clarify the SEC/CFTC division of responsibilities, motivated by a desire to reduce long-term compliance costs and litigation risks, shifting resources from corporate legal expenses to product and market expansion, while attracting TradFi funds into the crypto space.
Similar cases can be seen in the 2010s where FinTech lobbying led to the modernization of payment and banking rules, as well as industry-regulator dialogues during the EU MiCA legislative process; currently, the U.S. is in a critical window for the crypto market structure bill to pass, driven by the Trump administration.
Structurally, this represents a regulatory change: old rules are jointly denied by industry and regulatory consensus, with the mechanism being the accelerated rewriting of rules through administrative and legislative collaboration, transforming regulatory uncertainty from a competitive disadvantage into a predictable institutional advantage.
ABAB News · Cognitive Law
When old rules become ineffective, consensus becomes the starting point for new rules.
Regulatory clarity determines the speed of capital flow.
When industry and TradFi sit at the same table, the rules truly begin to be rewritten.