Ripple CEO Slams Sen. Lummis for Canceling Meeting, Urges Support for All of Crypto
Ripple CEO Brad Garlinghouse revealed that U.S. Senator Cynthia Lummis (R-WY), Chair of the Senate Digital Assets Subcommittee and a well-known crypto advocate, canceled a planned meeting with him and has refused to reschedule.
Garlinghouse urged Lummis — a senator from one of the most crypto-friendly states — to "be a leader for ALL of crypto," and invited her to join him for a virtual or public conversation to support the Trump administration’s vision of making the U.S. the global crypto capital.
He also told his followers on X that he is heading to Washington to support "sensible pro-crypto" legislation focused on stablecoins and market structure, noting that it’s encouraging to see lawmakers embrace crypto as a multichain industry.
On May 19, the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) is scheduled for Senate debate. Introduced by Sen. Bill Hagerty (R-TN), the bill is co-sponsored by Senators Lummis, Tim Scott (R-SC), and Kirsten Gillibrand (D-NY).
The bill has faced opposition, particularly from Democratic lawmakers such as Sen. Elizabeth Warren, partly due to its association with the Trump-backed USD1 stablecoin.
Ripple has also been making headlines:
On May 15, a federal court denied Ripple’s motion for settlement in its long-running securities case with the SEC.
On May 19, the Chicago Mercantile Exchange (CME) officially launched XRP futures, marking a major milestone for the token’s institutional adoption.