Garlinghouse Calls for Crypto and Stablecoin Regulation, Urges US Leadership

Ripple CEO Brad Garlinghouse has urged the U.S. government for urgent regulatory clarity regarding digital assets and stablecoins. This follows comments from US Treasury Secretary Scott Bessent, who expressed disappointment over the stalled progress of the GENIUS Act in the Senate. The bill failed to pass a procedural vote on Thursday, when several pro-crypto Democratic Senators unexpectedly voted against it. ulations for a clear framework for crypto regulation. Garlinghouse emphasized that stablecoins are essential for real-world applications and stressed the need for swift regulatory action.