The Polarizing Crypto Executive Who Wooed His Way Into Trump’s Orbit
3 weeks, 1 day ago

The Polarizing Crypto Executive Who Wooed His Way Into Trump’s Orbit

Hindustan Times  

Brad Garlinghouse, CEO of Ripple, which holds more than $100 billion worth of cryptocurrency XRP. Ripple’s campaign is an effort to win favorable treatment and convince the White House to include XRP in the reserve, said Lee Reiners, a lecturing fellow at Duke University and critic of the cryptocurrency industry. The planned digital-asset stockpile won’t require the use of taxpayer money to buy XRP, but XRP’s inclusion in the reserve would still benefit Ripple by lending prestige to the token. Proponents of bitcoin say its status as “digital gold” makes it a logical candidate for Trump’s reserve, while including XRP would simply enrich Ripple. In the end, a federal judge dealt the SEC a huge setback by ruling that Ripple’s XRP sales on crypto exchanges weren’t a securities offering, and the SEC dropped its claims against Garlinghouse and Larsen.

History of this topic

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