Brad Garlinghouse heavily criticized the Biden administration’s current regulatory policies, while others criticized him over Ripple’s heavy donation to Kamala Harris.
Ripple is a San Francisco-headquartered blockchain firm, mainly known for its cross-border payment services and backing of the XRP Ledger (XRPL). Currently, Ripple’s co-founder Brad Garlinghouse serves as the CEO of this blockchain firm.
Recently, at DC Fintech Week, Ripple CEO Brad Garlinghouse revealed that he has been personally de-banked by CitiBank, citing his popularity as a crypto entrepreneur.
Garlinghouse sharply criticized the Biden administration’s current regulatory policies, stating that the crypto sector is under tremendous pressure. He also suggested that other crypto startups consider registering outside the United States to avoid regulatory uncertainty.
Ripple Donates $10 Million+ to Democratic Party
s worth noting that the current U.S. government operates under the leadership of the Biden administration (Democratic Party). Just a week ago, Ripple donated $1 million to Democratic leader Kamala Harris to support her in the upcoming presidential election. Additionally, Ripple co-founder Chris Larsen clarified that he donated $10 million to Harris.
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Many people have pointed out the contradiction that while Ripple leaders are speaking out against the current ruling party, they are simultaneously supporting them with substantial donations.
Garlinghouse’s Neutral Stand
Just two days ago, Ripple’s CEO stated that he respects everyone’s decision regarding who they believe is best suited to lead the U.S. However, he personally clarified his opinion, stating that Ripple will continue to support both Democrats and Republicans in the final days of the campaigns (and after the election) to promote pro-crypto policies. Garlinghouse emphasized that this is not about politics but about supporting the advancement of cryptocurrency.