Krutika Adani
Garlinghouse admitted that Ripple should have engaged earlier with US regulators and is now playing catch-up after facing legal actions.
Ripple is entangled in a legal battle with the SEC over XRP’s classification as an unregistered security sold to institutional buyers.
Garlinghouse criticized the US for being slow in crypto regulations, calling out SEC Chair Gary Gensler and Senator Elizabeth Warren for creating hurdles for the industry.
Ripple has donated nearly $50 million this election cycle to support pro-crypto PACs, including a $10 million donation from co-founder Chris Larsen to support Kamala Harris.
Garlinghouse predicted that XRP will eventually be offered in a spot ETF, pointing to growing institutional and retail demand for the asset class.