Brad Garlinghouse, the CEO of Ripple, expressed disappointment with the way his interview on CBS News' '60 Minutes' was portrayed. He believes that important details were omitted from the segment, including a pivotal ruling from July 2023 that determined XRP is not classified as a security when traded on public exchanges.
Garlinghouse criticized the show for not including this ruling, stating that it resulted in a misleading narrative about XRP's regulatory status. He also emphasized Ripple's real-world applications and compliance with regulatory requirements.
Neil Hartner, a software engineer at Ripple, clarified that XRP functions on a decentralized, public ledger and that Ripple is just one participant in its ecosystem.
Garlinghouse acknowledged the segment's focus on the influence of cryptocurrency in U.S. politics and highlighted Ripple's financial contributions to the political action committee Fairshake. He noted that the recent U.S. elections were a turning point for the crypto industry and suggested that President-elect Donald Trump's alignment with the crypto community could have significant implications for the industry.
The interplay between regulatory developments, real-world applications, and political engagement will be critical in shaping the future of digital assets.