Suche
Mein Konto
Garlinghouse vs. Lummis: Who is sabotaging Ripple's future?
Ripple CEO Brad Garlinghouse criticizes Senator Lummis for meeting cancellation while XRP continues to rise in value.
Garlinghouse vs. Lummis: Who is sabotaging Ripple's future?
Ripple CEO Brad Garlinghouse expresses disappointment over the cancellation of a planned meeting with Senator Cynthia Lummis. She was known as the chairwoman of the Digital Assets Subcommittee and is considered a prominent supporter of Bitcoin. Despite her pro-crypto stance, Lummis is increasingly criticized, particularly for her reluctance to embrace altcoins like XRP.
In a public post to the senator, Garlinghouse invited Lummis to a discussion to discuss important aspects of crypto regulation. He suspects that the cancellation may be due to a bias against other cryptocurrencies. What is particularly striking is that Lummis recently announced its intention to acquire one million BTC for strategic reserves, while at the same time not supporting XRP. This reinforces the impression that she is skeptical about altcoins, which is also reflected in the public statements of her son-in-law Will Cole.
Criticism from the environment
Bill Morgan, a crypto lawyer, posted screenshots of Cole calling Ripple and XRP centralized and fraudulent. Cole claimed that there was a “massive premine” on XRP and criticized the founders’ greed. These critical voices find support from Pierre Rochard, a Bitcoin maximalist who sees Ripple Labs' lobbying as an obstacle to the strategic Bitcoin reserve.
Speculation about Lummis' motives is increasing. Reference is also made to XRP's recent exclusivity in an executive order from Donald Trump, which did not mention the currency. This may make sense of the negative views on XRP and may have influenced Lummis' decision not to meet Garlinghouse.
The current status of XRP
Recent developments include a 2.5% increase in XRP, with the price at $2.40. Market commentators like Crypto Tony predict that reclaiming the $2.50 mark could enable new highs for XRP. Trader Blockchainedbb spoke of an impending local trend change, which is further fueling market activity.
Ripple's influence on the global financial infrastructure is highlighted by crypto influencers like John Squire. He emphasizes the importance of XRP in terms of banking partnerships and the integration of CBDCs, as well as its low energy consumption and miner independence.
Despite these positive indicators, the relationship between Ripple and Lummis remains tense. Garlinghouse hopes that an open discussion could change the senator's perspective on altcoins and promote appreciation for the work in the cryptocurrency space.
Given the political dynamics, it is crucial to closely monitor future developments and their impact on the crypto industry. BTC Echo and Benzinga offer comprehensive information and analysis.