Ripple CEO Burns Bridges with Senator Lummis After Snub—’Too Busy for Crypto?’

Brad Garlinghouse fires back after Senator Cynthia Lummis cancels last-minute meeting—again. The ’pro-crypto’ politician’s office cited ’scheduling conflicts,’ but insiders whisper it’s more like regulatory cold feet.

Ripple’s legal battles rage on as the SEC keeps swinging. Meanwhile, Washington’s crypto lip service hits new lows—just in time for another fundraising quarter.

Crypto community divides as Garlinghouse challenges Senator Lummis’s Bitcoin-only focus

Garlinghouse’s remarks underscore continuing fears that Bitcoin is making other digital assets and the firms that help develop blockchain technology obsolete. The scrapped meeting drew reactions from members of the crypto community. Some accused the Senator of being biased and expressed frustration over her stance.

On X, user @DarkScarf89 expressed curiosity as to why the Senator had refused a meeting, pointing to a divergence in support of a level playing field that might not quite match the Bitcoin-only narrative.

Bitcoin maximalists, however, lauded Lummis. Troy Cross thanked her “for fighting against the scammers,” a move that could suggest skepticism toward Ripple and its XRP token.

This conversation illustrates the friction that exists between bitcoin maximalists and proponents of a wider, more welcoming regulatory strategy. Industry participants increasingly demand models that apply to all digital assets, not only Bitcoin.

The scandal has done little to waver Senator Lummis’ love for Bitcoin. She has advocated that Americans consider Bitcoin a long-term investment, a hedge against inflation, and a weakening U.S. dollar.

“I encourage people to save Bitcoin for their retirement, for their future,” Lummis recently stated. Her strong Bitcoin focus has earned both praise from the Bitcoin community and criticism from other parts of the crypto ecosystem.

Nonetheless, Lummis has worked collaboratively on crypto legislation beyond Bitcoin. She and Senator Bernie Moreno co-introduced a bill to improve digital asset tax treatment. They expressed frustration over the bipartisan GENIUS Act’s failure to pass—a bill designed to create a regulatory framework for stablecoins.

CME XRP futures ignite demand for Spot ETF approval and regulatory clarity

Today’s launch of CME XRP futures shifts attention to the pending approval of a spot XRP ETF. With futures trading attracting institutional interest, regulatory clarity on XRP-related products is increasingly urgent.

Garlinghouse previously expressed Optimism that a spot XRP ETF could be approved by the end of 2025, especially following the conclusion of Ripple’s legal dispute with the SEC.

Meanwhile, analysts like Fred Rispoli note XRP’s potential role in a proposed digital asset reserve outlined in a Trump-era executive order, adding another LAYER of complexity to XRP’s regulatory outlook.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More