
Ripple CEO Brad Garlinghouse appeared on CBS's '60 Minutes' to discuss the growing influence of cryptocurrency in U.S. politics following Donald Trump's presidential election victory. Garlinghouse highlighted the formation of a crypto-focused super PAC, FairShake, which raised over $204 million for advocacy efforts. He also noted that Trump has embraced cryptocurrency, a sentiment reciprocated by the crypto industry. The segment, however, was criticized by crypto advocates for its perceived bias and lack of balance, with some accusing it of misrepresenting the industry and focusing on negative aspects such as campaign financing and regulatory challenges. Garlinghouse also referenced Ripple's legal victory against the SEC, with a federal judge ruling that XRP is not a security. Despite the criticism, he emphasized the increasing mainstream acceptance of crypto technologies, including the success of U.S. spot Bitcoin ETFs.

REPORTER: Trump said #Bitcoin seems like a scam. What changed? Ripple CEO says "Donald Trump embraced crypto and crypto embraced Donald Trump." https://t.co/U68N3KL4wM
This year's U.S. election was a major victory for crypto, @Ripple CEO @bgarlinghouse said in an interview with 60 Minutes. By @thesamreynolds. https://t.co/gI7wP1kIqj
RIPPLE CEO Brad Garlinghouse acknowledges formation of crypto super PAC, FairShake, in response to $SEC Chair Gensler. Over $204M raised for advocacy efforts. $NWSA