Index Investing News
Saturday, May 16, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Ripple CEO Clashes With Senate Crypto Chair Lummis

by Index Investing News
May 20, 2025
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure

A simmering dispute between Ripple Labs chief government Brad Garlinghouse and Senator Cynthia Lummis (R-Wyo.) burst into the open on Monday, Might 19, after the senator’s workers cancelled a gathering with the fintech government and declined to supply a brand new date.

Ripple CEO Begins Public Dispute

Garlinghouse, already in Washington to foyer for the pending GENIUS Act on stablecoins and for broader market-structure reform, took the bizarre step of airing the dispute on X. “Heading to DC to champion smart pro-crypto laws … That stated, @SenLummis, as Chair of the Digital Belongings Subcommittee, cancelled a gathering with me (and received’t reschedule),” he wrote, earlier than difficult the senator to debate him “anytime” in an X Area or on stage at upcoming trade conferences.

“As a pacesetter in Congress and Senator from one of the crypto-friendly states (WY), I hope you’ll rethink and be a pacesetter for ALL of crypto. I invite you to affix me on an X Area anytime (or a reside convo onstage at one of many many occasions we cross paths at) to speak about make the US the crypto capital of the world, as is the purpose of the Trump Administration. I’ll proceed to do all the things potential to assist that purpose,” Garlinghouse wrote through X.

Senator Lummis has not commented publicly on the cancellation, however her workplace confirmed she is concentrating this week on ground motion associated to the stable-coin invoice, which cleared a 65-32 procedural vote within the Senate on Tuesday morning and can now face a prolonged modification course of.

The Wyoming Republican—lengthy celebrated by Bitcoin advocates—was tapped in January to chair the Banking Committee’s new Subcommittee on Digital Belongings, a put up that offers her first crack at shaping federal crypto laws. On the time of her appointment she declared that “digital property are the long run” and pressed colleagues to ascertain a Strategic Bitcoin Reserve.

Garlinghouse’s public rebuke uncovered a deepening philosophical divide: the Ripple chief argues that US coverage should be “multichain,” whereas Lummis has positioned herself because the Senate’s fiercest pro-Bitcoin voice.

Bitcoin Maximalists Cheer, Ripple Allies Bristle

The senator’s supporters contained in the Bitcoin neighborhood applauded the snub. Troy Cross of the Bitcoin Coverage Institute thanked Lummis: “Simply whenever you thought Lummis couldn’t be a greater Bitcoiner. Sen Lummis for preserving the scammers at bay.”

Pierre Rochard, vice-president of analysis at Riot Platforms, derided Garlinghouse on X, claiming he had “ruined [his] status and misplaced all credibility by pushing for CBDCs and in opposition to Bitcoin,” whereas market commentator Joe Consorti stated the Ripple chief’s “lifetime of bashing Bitcoin” had left him with “zero credibility.”

XRP partisans fired again. Influential content material creator Crypto Eri informed her followers that the senator’s “Bitcoin-maxi strikes harm all the ecosystem.” Australian lawyer Invoice Morgan reposted Garlinghouse’s thread with the warning that Lummis “is a champion of Bitcoin exceptionalism, not a degree enjoying discipline.” Fellow lawyer Fred Rispoli dismissed the cancellation as staff-level gamesmanship, writing, “A staffer cancelled it for her … a lobbyist informed the staffer to cancel it.”

At press time, XRP traded at $2.39.

XRP price
XRP holds above the 0.382 Fib, 1-day chart | Supply: XRPUSDT on TradingView.com

Featured picture from YouTube, chart from TradingView.com

Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our workforce of high expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



Source link

Tags: CEOChairClashesCryptoLummisRippleSenate
ShareTweetShareShare
Previous Post

Strategic acquisition, increasing attain key to future progress of IPO-bound Belrise

Next Post

10 Healthcare Dividend Progress Shares Poised For Distinctive Dividend Will increase

Related Posts

Crypto gives back gains as macro headwinds overwhelm regulatory optimism

Crypto gives back gains as macro headwinds overwhelm regulatory optimism

by Index Investing News
May 15, 2026
0

For about 48 hours, crypto had something genuine to celebrate. The CLARITY Act, a landmark piece of stablecoin regulation, cleared...

Bitcoin ETF Issuers Are Predicting ,000,000 Per Coin As Inflows Accelerate

Bitcoin ETF Issuers Are Predicting $1,000,000 Per Coin As Inflows Accelerate

by Index Investing News
May 11, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure VanEck’s Matthew Sigel has become the latest...

Retail Traders Get Crypto Access as Morgan Stanley Follows SoFi in Trading Push

Retail Traders Get Crypto Access as Morgan Stanley Follows SoFi in Trading Push

by Index Investing News
May 7, 2026
0

FM Daily Brief - 6 May 2026 FM Daily Brief - 6 May 2026 FM Daily Brief - 6 May...

Why Cross-Chain DEX Trading Is Becoming the New Default in Crypto

Why Cross-Chain DEX Trading Is Becoming the New Default in Crypto

by Index Investing News
May 3, 2026
0

Image source: GeminiThe manner in which individuals conduct crypto trading has changed. Not slightly but structurally. A decentralized exchange platform which...

Here’s How The Ethereum Vs. Solana Rivalry Is Going

Here’s How The Ethereum Vs. Solana Rivalry Is Going

by Index Investing News
April 29, 2026
0

Ethereum and Solana are once again under close watch as fresh data reveals how both networks are performing, with recent...

Next Post
10 Healthcare Dividend Progress Shares Poised For Distinctive Dividend Will increase

10 Healthcare Dividend Progress Shares Poised For Distinctive Dividend Will increase

Giro d’Italia Stage 10 LIVE: Outcome, updates and response

Giro d’Italia Stage 10 LIVE: Outcome, updates and response

RECOMMENDED

Roblox tightens messaging guidelines for under-13 customers amid abuse issues By Reuters

Roblox tightens messaging guidelines for under-13 customers amid abuse issues By Reuters

November 18, 2024
Democrats have to dump Joe Biden as their 2024 nominee

Democrats have to dump Joe Biden as their 2024 nominee

September 6, 2023
Just Listed | 197 E Tall Oaks Circle

Just Listed | 197 E Tall Oaks Circle

January 23, 2023
Earlier than Kolkata physician rape, an unmet promise to maintain physicians protected By Reuters

Earlier than Kolkata physician rape, an unmet promise to maintain physicians protected By Reuters

September 2, 2024
8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow

8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow

November 22, 2023
Scottish Mortgage Investment Trust Stock: Waiting For A Buy Signal (OTCMKTS:STMZF)

Scottish Mortgage Investment Trust Stock: Waiting For A Buy Signal (OTCMKTS:STMZF)

October 18, 2023
UK vows to take steps to guard Northern Eire peace By Reuters

UK vows to take steps to guard Northern Eire peace By Reuters

May 10, 2022
You Deserve Dependable Earnings: 2 Undervalued Dividends For Lengthy-Time period Progress

You Deserve Dependable Earnings: 2 Undervalued Dividends For Lengthy-Time period Progress

February 3, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In