Ripple CEO Says Crypto Rules Are Closer Than Ever After CFTC Meeting

• Garlinghouse says US crypto rules are closer after the CFTC advisory committee meeting.
• The SEC and CFTC have issued guidance, but Congress must provide lasting legal clarity.
• The CLARITY Act faces a crucial 60-vote Senate cloture test on September 15.

Ripple CEO Brad Garlinghouse said the United States is closer than ever to establishing clear cryptocurrency rules after attending a major policy meeting in Washington. His comments followed the inaugural CFTC Innovation Advisory Committee gathering, where crypto and traditional finance leaders agreed that existing financial rules no longer fit the digital asset industry.

CFTC Meeting Brings Crypto and Wall Street Together

Garlinghouse, in a post on X, described the CFTC Innovation Advisory Committee as an “Olympic roster” of crypto leaders following its inaugural meeting on August 20. The committee includes executives from Coinbase, Uniswap Labs, Nasdaq, CME Group, Cboe Global Markets, the New York Stock Exchange, and the Depository Trust & Clearing Corporation. 

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