Ripple CEO Brad Garlinghouse recently appeared on CBS's 60 Minutes, discussing the impact of cryptocurrency on U.S. politics and the ongoing legal battle between Ripple and the SEC.
Garlinghouse highlighted the significant financial contributions made by the crypto industry to political action committees (PACs) supporting candidates who advocate for clearer regulatory frameworks. He emphasized the importance of educating voters about candidates who recognize the potential of emerging technologies.
Garlinghouse also addressed Ripple's legal struggles with the SEC, stating that the company has spent over $150 million in legal fees. He criticized the SEC's approach and expressed disbelief at their classification of XRP as a security. Garlinghouse also expressed dissatisfaction with CBS's portrayal of the interview, accusing the network of omitting crucial details. He highlighted Ripple's institutional partnerships and compliance with regulations.
Following the interview, XRP's market performance improved, reflecting growing investor confidence in Ripple's future prospects. The legal developments and increasing recognition of cryptocurrency's potential have contributed to this positive market reaction. The ongoing dialogue about cryptocurrency's role in politics and regulation is expected to shape the industry's future.