Senator Lummis Cancels Ripple CEO Meeting Amid Crypto Community Tensions
Senator Lummis Cancels Ripple CEO Meeting Amid Crypto Community Tensions

Senator Lummis Cancels Ripple CEO Meeting Amid Crypto Community Tensions

News summary

Ripple CEO Brad Garlinghouse publicly expressed disappointment after Senator Cynthia Lummis, a prominent Bitcoin advocate and chair of the Senate Digital Assets Subcommittee, canceled a scheduled meeting with him without rescheduling. Garlinghouse urged Lummis to adopt a more inclusive stance toward all cryptocurrencies, emphasizing the importance of supporting a multichain crypto industry rather than favoring Bitcoin exclusively. The cancellation has intensified the ongoing tensions between Bitcoin maximalists and the XRP community, with some viewing Lummis's position as biased against Ripple and XRP, which has faced accusations of centralization and skepticism from Bitcoin proponents. Despite the setback, Garlinghouse remains committed to advocating for balanced, pro-crypto legislation, particularly around stablecoins, in line with the current administration's goals. The incident highlights broader debates within the crypto space and among lawmakers about regulatory approaches and industry inclusivity. XRP's price experienced a slight decline following news of the canceled meeting but maintains positive momentum overall.

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