Mar 8, 2025

Ripple CEO Applauds White House Crypto Summit, Calls for Unified Industry Effort

The White House hosted its inaugural “crypto summit” on Friday, bringing together industry leaders to discuss the future of cryptocurrency regulation. Among the attendees was Ripple CEO Brad Garlinghouse, who expressed optimism about the administration’s support for the crypto sector.

Garlinghouse, who has been an outspoken critic of past regulatory uncertainty—especially regarding the SEC’s legal battles against Ripple—emphasized the need for industry-wide collaboration. He urged companies and leaders to move past competition and work together to push for fair legislation.

“We will, as we’ve always done, continue to champion the need for a level playing field,” Garlinghouse said.

“It was great to hear others in the room echo this as well! The industry must come together to move much-needed legislation forward in the U.S.”

He also acknowledged the efforts of President Trump, Crypto Czar David Sacks, and other key officials like CFTC Commissioner Caroline Pham for orchestrating what he called a “truly historic summit.” The event signals a shift in the U.S. government’s approach to crypto, marking what could be a turning point for digital asset regulation.

Administration’s Commitment to Crypto Integration

Following the summit, industry leaders and government officials voiced strong support for President Trump’s commitment to fostering digital asset innovation. Crypto Czar David Sacks, a key figure in shaping the administration’s crypto policies, praised Trump’s leadership, citing his drive to push forward regulatory clarity at an unprecedented pace.

Sacks lauded the president’s proactive stance, describing his administration as working “at tech speed” to bring real change to the industry. He credited Trump’s unwavering stance on legal fairness and resilience, noting that his determination has been an inspiration to those in the room.

As a concrete step toward integrating crypto into the U.S. financial system, Trump signed an executive order on Thursday, instructing the Treasury and Commerce Departments to devise budget-neutral strategies for accumulating Bitcoin and other digital assets as part of a national strategic reserve. This initiative, which aims to bolster the country’s position as a leader in the digital economy, ensures that taxpayer funds will not be used in the accumulation process.

Many executives argued that past regulatory crackdowns under Biden stifled innovation and unfairly targeted crypto businesses, hindering the sector’s growth in the United States.

Gemini co-founder Tyler Winklevoss took to social media to celebrate the event, calling it a historic milestone for the industry.

Yesterday was history in the making,” he wrote.

The first crypto President. The first crypto summit at the White House. We are winning bigly and we are going to keep on winning until we get tired of winning—which will be never!

Quick Facts:

  • The White House hosted its first “crypto summit,” marking a significant step in U.S. digital asset policy
  • Ripple CEO Brad Garlinghouse called for industry collaboration to achieve regulatory clarity and a level playing field.
  • Industry leaders praised the administration’s supportive stance, signaling a new era of cooperation between the crypto sector and government.

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