Ripple CEO Brad Garlinghouse has addressed recent criticism surrounding US Crypto Chief David Sacks’ press conference, highlighting the unprecedented importance of the event for the digital asset industry.
Ripple CEO Brad Garlinghouse Found US Crypto President David Sacks’ Statements Positive
Garlinghouse's comments came in response to mixed reactions following the event, which saw an extraordinary show of bipartisan support from U.S. lawmakers.
The press conference was attended by the Senate Banking Committee Chairman, the House Financial Services Committee Chairman, the Senate Agriculture Committee Chairman and the House Agriculture Committee Chairman — a coalition that Garlinghouse described as “something we’ve never seen before.”
The meeting was led by the newly appointed “Head of Crypto” and was centered around a collective commitment to developing clear regulatory frameworks for the cryptocurrency industry.
This commitment marks a significant shift in the U.S. government’s approach to digital assets, with bipartisan leaders from both the fiscal and agricultural oversight committees uniting in support of legal clarity.
“The commitment to passing crypto clarity legislation is 100% a big deal,” Garlinghouse said, underscoring the historic nature of the event.
The inclusion of both financial and agricultural committee leaders reflects crypto’s expanding influence beyond traditional finance, given the role of commodity regulations in overseeing digital assets like Bitcoin and Ethereum.
*This is not investment advice.