Brad Garlinghouse Elon Musk XRP Weighs in on US SEC

Brad Garlinghouse, CEO of Ripple, has been a vocal advocate for the use of XRP, a digital asset that he believes has the potential to revolutionize cross-border payments.

He has been a long-time critic of the US Securities and Exchange Commission (SEC), which he believes has been overly aggressive in its pursuit of cryptocurrency companies.

Elon Musk, a well-known entrepreneur and investor, has also weighed in on the issue, suggesting that the SEC's actions may be stifling innovation in the fintech space.

In a recent interview, Garlinghouse stated that the SEC's actions are having a chilling effect on the industry, causing companies to think twice before launching new products or services.

Recommended read: Ripple Ceo Brad Garlinghouse Believes He Undervalued the Crypto Market.

Ripple CEO Brad Garlinghouse showed solidarity with Elon Musk by reposting his comment criticizing the US SEC, indicating a shared frustration with the agency.

Elon Musk's comment sparked reactions from political figures and crypto advocates, including U.S. Senator Mike Lee, who stated that the US SEC "cannot be trusted" as an independent body.

Expand your knowledge: Xrp Sec Ripple Labs Lawsuit

Ripple has been entangled in a legal battle with the SEC, challenging XRP's status as a security, which has become a flashpoint in the crypto regulation debate.

Musk mentioned XRP in a conversation, but clarified that his comment does not represent an endorsement or lack of support for the cryptocurrency.

Despite the clarification, Musk's comment triggered excitement among XRP proponents, who see it as a sign of potential recognition for the cryptocurrency.

The crypto market has been abuzz with reactions to the recent news. The video of Senator Harris's speech has gone viral within the XRP community, prompting a reaction from Ripple's CEO, Brad Garlinghouse.

Ripple's CEO Brad Garlinghouse believes that United States voters care about crypto, particularly XRP, and are interested in favorable policies that promote innovation and job creation.

Garlinghouse contended that political candidates who ignore the importance of crypto and blockchain risk losing support from an informed and growing voter base.

Top crypto executives, such as Ripple co-founder Chris Larsen, have endorsed Harris, and Larsen even donated $10 million in XRP in support of her campaign, believing she would make American technology maintain global dominance.

Consider reading: Xrp Lawsuit Settlement Talks Ripple Labs

Elon Musk sparked excitement among XRP proponents when he mentioned the XRP Ledger (XRPL) in a recent conversation. He was asked if he envisions XRPL being incorporated into financial institutions, given the SEC's aggressive stance toward XRP.

Musk clarified that his comment doesn't represent an endorsement or lack of support for XRP. Despite this, the comment triggered excitement among XRP enthusiasts.

Ripple CEO Brad Garlinghouse, who has been entangled in a legal battle with the SEC, backed Musk's comment by reposting it, signaling solidarity in their shared frustration with the agency.