Ripple CEO Backs U.S. Crypto Reserve, Criticizes Biden-Era Policies
03.03.2025 11:00 2 min. read Alexander Stefanov
US President Donald Trump recently unveiled plans for a Strategic Cryptocurrency Reserve that will include Bitcoin (BTC), Etherium (ETH), Solana (SOL), XRP and Cardano (ADA).
The announcement, made via social media, led to an immediate surge in the digital asset market, with several major cryptocurrencies seeing significant price gains.
Following the news, Ripple CEO Brad Garlinghouse expressed support for the initiative, emphasizing the need for industry-wide collaboration. He reiterated his long-held view that working together would help the crypto sector achieve its broader objectives and welcomed Trump’s vision for a sovereign pool of digital assets to represent the industry.
Garlinghouse also criticized the regulatory stance of the previous administration, particularly President Biden’s Cryptocurrency Section. He argued that an approach favoring only one blockchain was detrimental to progress and praised Trump for recognizing the reality of a multi-chain world.
He further stated that the industry was finally moving beyond what he described as flawed regulatory thinking under Bill Hinman and the SEC during the Biden administration.
His remarks also appeared to be directed at those who had pushed for a Bitcoin-only reserve. Additionally, Garlinghouse reaffirmed his commitment to advocating for the crypto industry in Washington and indicated that he would continue these efforts during his visit to the capital over the weekend.
A high-profile cryptocurrency summit will take place at the White House on Friday, with President Trump in attendance. Industry leaders are expected to discuss the future of cryptocurrency regulation and adoption in the United States.
-
1
SEC’s Crypto Task Force to Hold Key Meeting with Industry Leaders
08.04.2025 14:00 2 min. read -
2
FTX to Begin Repaying Creditors in May, But Returns Fall Short of Current Crypto Values
30.03.2025 17:00 2 min. read -
3
OKX Appoints New Chief Legal Officer to Drive Global Expansion
01.04.2025 22:00 1 min. read -
4
South Korean Stores Begin CBDC Payment Trials with Special Discounts
03.04.2025 9:00 2 min. read -
5
Crypto Trading Volumes Drop as Market Awaits Regulatory Clarity
30.03.2025 17:30 2 min. read
Russia Eyes a High-End Crypto Trading Platform for Wealthy Investors
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
KiloEx Unveils Full Compensation Plan After April Exploit
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
Ripple Gave Millions to Trump Before SEC Softened Its Stance
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Bithumb Splits Business as It Eyes Late 2025 IPO
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.
-
1
SEC’s Crypto Task Force to Hold Key Meeting with Industry Leaders
08.04.2025 14:00 2 min. read -
2
FTX to Begin Repaying Creditors in May, But Returns Fall Short of Current Crypto Values
30.03.2025 17:00 2 min. read -
3
OKX Appoints New Chief Legal Officer to Drive Global Expansion
01.04.2025 22:00 1 min. read -
4
South Korean Stores Begin CBDC Payment Trials with Special Discounts
03.04.2025 9:00 2 min. read -
5
Crypto Trading Volumes Drop as Market Awaits Regulatory Clarity
30.03.2025 17:30 2 min. read
