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Brad Garlinghouse, CEO of Ripple Labs, has admitted that the company made a significant error by not engaging with U.S. regulators early on. This oversight has led to legal challenges from the Securities and Exchange Commission (SEC) concerning the cryptocurrency XRP. In an effort to rectify the situation, Ripple has committed $50 million to political donations and other initiatives to improve regulatory relations. Garlinghouse's statements were made during the DC Fintech Week, where discussions on the impact of blockchain and AI on the fintech industry were also held.
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🔥 Panel 2 is underway! “Crypto’s Killer Use Case: RWAs, DeFi, or DePIN?” On stage now: • @alex_fazel, CPO of @SwissBorg • @bryan_feng_, Head of Crypto at @unlimitcrypto (@Unlimit_com) • @MRRydon, Founder of @AethirCloud • @Bjassoma, Director of Ecosystems at @DMCCAuthority https://t.co/YiGsT13XC7
⚡️ LONGITUDE ⚡️ 🔛 Our first panel “Crypto 2027 – Where Will We Be?” kicks off with insights from: • @F_Gregaard, CEO of Cardano Foundation • @ChiefOfTelos, CEO of Telos • @JoviOvero, MD BaaS at @unlimit_baas (@Unlimit_com) Let’s dive into the future of crypto! https://t.co/loHtiTrDmk