Brad Garlinghouse Criticizes ’60 Minutes’ Edit for Excluding XRP Legal Win
Brad Garlinghouse, the CEO of Ripple, recently made his debut on CBS’s 60 Minutes, but there was some controversy surrounding his appearance. During the interview, some important information about XRP rulings was left out, stirring up backlash.
In a previous lawsuit from 2020, the SEC accused Ripple of conducting an unregistered securities offering by selling XRP. However, in 2023, a judge ruled that XRP is not necessarily a security on its face. Garlinghouse, in his conversation with host Margaret Brennan, expressed his surprise at the possibility of XRP being classified as a security given the legal motions and judgments in the case.
After the 60 Minutes episode aired, Garlinghouse took to social media to point out that the show failed to mention a Federal Judge’s ruling that XRP is not a security. This omission was a major talking point for Garlinghouse, who also criticized former SEC official John Reed Stark, featured on the episode, for calling crypto a “scourge.”
In addition to these issues, Garlinghouse discussed how Ripple and other crypto companies have financially supported Super PACs that back candidates from both parties in the US. He emphasized the important role that the crypto industry plays in shaping election outcomes and highlighted the need for lawmakers to take the industry seriously.
Overall, Garlinghouse believes that people should have the freedom to choose how they spend their money, even in volatile markets like cryptocurrency. He urged for the government not to dictate how individuals should manage their finances. Whether you’re a seasoned crypto investor or just curious about the industry, staying informed about these developments is key to understanding where the future of digital assets is headed.
