Ripple CEO Brad Garlinghouse has publicly criticized U.S. Senator Cynthia Lummis after she canceled a scheduled meeting in Washington, D.C., and declined to reschedule. Lummis, a vocal Bitcoin advocate and chair of the Senate Digital Assets Subcommittee, has faced backlash from parts of the crypto community for allegedly sidelining other digital assets.
Garlinghouse, who is actively lobbying for regulatory clarity in the crypto sector, called on Lummis via X (formerly Twitter) to reconsider her stance. “Be a leader for all of crypto,” he wrote, also inviting her to participate in a public discussion about digital asset regulation.
The missed meeting comes at a pivotal moment, as lawmakers weigh new crypto legislation and institutional interest in altcoins like XRP intensifies.
Crypto Community Split on Lummis’ Stance
The reaction to the canceled meeting exposed rifts within the digital asset ecosystem. Some criticized Senator Lummis for appearing overly Bitcoin-centric, while others defended her decision.
- A pseudonymous user on X questioned whether Lummis’ refusal reflects an agenda that prioritizes Bitcoin over a level playing field.
- Bitcoin proponent Troy Cross thanked Lummis for “keeping the scammers at bay,” taking a direct jab at Ripple and XRP.
- Analysts noted that this reflects a broader tension: Bitcoin maximalists vs. multi-chain advocates.
Garlinghouse has positioned Ripple as a leader in blockchain-based payments and argues for inclusive policy that fosters innovation across all asset classes—not just Bitcoin. The company has recently intensified its Washington outreach amid mounting calls for crypto market structure reform.
XRP Futures Go Live as ETF Hopes Rise
Coinciding with the controversy, the Chicago Mercantile Exchange (CME) launched XRP futures contracts, signaling heightened institutional interest in the asset. This development adds momentum to expectations for a spot XRP ETF, which Garlinghouse has said could receive approval by late 2025.
Key market developments:
- XRP is now among the few altcoins with futures listings on CME, following Bitcoin and Ethereum.
- The CME launch could pressure regulators to provide clearer guidance on altcoin ETFs and securities classification.
- Legal experts, including Fred Rispoli, speculate XRP could play a role in federal digital asset reserves if favorable policies emerge.
Senator Lummis, meanwhile, continues to advocate for Bitcoin as a long-term hedge against inflation. She recently partnered with Senator Bernie Moreno to draft tax reforms for digital assets—though broader regulation remains gridlocked in Congress.
As digital assets evolve, the clash between ideological camps—Bitcoin-only vs. multi-chain ecosystems—may shape the next phase of U.S. crypto policy.
