Ripple CEO Brad Garlinghouse expressed optimism about the new steps of the cryptocurrency industry in the United States. He emphasized the strong support from the Trump administration for establishing a clear legal framework, cryptocurrency reserves, and digital asset innovation.

Active Support From the Trump Administration

The past week has seen important events in the cryptocurrency industry, including the first-ever Crypto Summit at the White House and the CEO Roundtable hosted by the U.S. Commodity Futures Trading Commission (CFTC). Garlinghouse highlighted important policy discussions, including the Trump administration's priorities for the industry.

According to him, the White House is focused on promoting regulatory clarity through Congressional action, supporting stablecoins backed by the US Treasury, and properly managing Bitcoin and cryptocurrency reserves. On social media platform X on March 7, he wrote:

"I am extremely pleased to see the overwhelming support from this administration."

Differences Between Trump and Biden Administrations

The Ripple CEO also compared the Trump administration's attitude to that of its predecessor. He said that Trump has shown openness to the crypto industry by inviting leaders in the field to the White House. This is in contrast to the approach he described as "hostile" from the previous Biden administration.

In addition, Garlinghouse thanked David Sacks, CEO of the President's Digital Asset Advisory Council, for hosting the crypto summit. He also praised CFTC Commissioner Caroline Pham for facilitating discussions on industry regulation.

A Long-Term Vision for the Crypto Industry

In addition to focusing on policy shifts, Garlinghouse also called on the crypto community to avoid internal conflicts between digital assets. Instead, he emphasized the importance of uniting to promote a fair and sustainable regulatory framework.

"We will continue to advocate – as we have always done – for a level playing field. It's great to hear that others in the room agree with that!" – he shared.

According to Garlinghouse, collaboration between the industry and policymakers is key to ensuring the long-term growth of cryptocurrencies in the United States. With the support of the Trump administration, the digital asset industry can expect a more transparent and favorable regulatory environment in the coming time.