Ripple CEO Brad Garlinghouse was seen at the White House crypto summit, joining key administration officials, top regulators, and several prominent figures from the digital assets sector. The event gathered executives from major platforms to discuss innovation, regulatory clarity, and the future of crypto markets in the United States.
Pro-innovation stance from US officials
Garlinghouse did not give a speech during the summit, and Ripple received only a brief mention by officials. As a result, there was no immediate movement in $XRP’s price following the event.
The White House emphasized its intent to foster a supportive climate for domestic crypto companies, urging them to operate confidently and drive innovation on US soil.
Commodity Futures Trading Commission (CFTC) Chair Michael Selig echoed this stance, declaring a shift away from confrontational regulatory tactics. Selig highlighted the administration’s commitment to supporting innovators and reaffirmed the country’s ambition to retain crypto leadership.
“The era of political lawfare, debanking, and regulation by enforcement is over. Innovators like the people in this room are welcomed to the White House, not railroaded to the big house. And the new frontier of finance is being built right here in the United States of America,” Selig stated.
Selig also made bold claims regarding changes at the SEC and the country’s evolving position in the digital assets space, asserting that US regulators have moved past anti-crypto efforts and that the US has become a global crypto capital.
Regulatory clarity and legislative opportunities
Securities and Exchange Commission (SEC) Chair Paul Atkins addressed the summit, outlining the agency’s proposed rule designed to provide greater certainty for digital asset entrepreneurs. Atkins described the new rule as a measure intended to help innovators and job creators raise capital more efficiently in the US using digital assets.
Atkins emphasized that the SEC’s latest proposal “would provide crypto entrepreneurs like those here in this room and job creators the certainty to raise capital in the United States using digital assets.”
Coinbase CEO Brian Armstrong pointed to the significance of the upcoming September 15 Senate procedural vote on the Clarity Act, suggesting it could secure long-term policy stability for the industry. Armstrong urged industry alignment, noting that durable progress hinges on collective support for the bill.
Armstrong stated that passing the Clarity Act would solidify the administration’s achievements for decades and encouraged industry players to rally for more than 60 Senate votes in favor of the legislation.
Perspectives from industry leaders
Robinhood CEO Vlad Tenev spoke about the importance of tokenized assets and their role in broadening ownership. Tenev described ownership as central to Robinhood’s mission and emphasized its significance for a free and prosperous society.
Kraken CEO Arjun Sethi reflected on the company’s philosophy, focusing on providing equitable opportunities across America. Sethi explained that the goal of the industry is to ensure wide access and financial empowerment, expressing Kraken’s motto as “fix money, we fix the world.”
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