{"id":3967,"date":"2024-12-09T20:31:45","date_gmt":"2024-12-09T20:31:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3967"},"modified":"2024-12-09T20:31:45","modified_gmt":"2024-12-09T20:31:45","slug":"missed-ripple-ceo-garlinghouse-on-60-minutes-here-are-the-key-takeaways","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3967","title":{"rendered":"Missed Ripple CEO Garlinghouse On 60 Minutes? Here Are The Key Takeaways"},"content":{"rendered":"
\n

In the latest episode of CBS\u2019s \u201c60 Minutes,\u201d Ripple CEO Brad Garlinghouse made a rare appearance<\/a> to discuss the intersection of crypto and politics. Despite the high-profile platform, many crypto community members found the segment underwhelming, with Garlinghouse\u2019s contributions being infrequent amidst a broader narrative that lacked depth and balance.<\/p>\n

Ripple CEO Slams CBS<\/h2>\n

Throughout the approximately 13-minute feature, the Ripple CEO was asked about the pivotal impact the crypto industry had o the US presidential election, particularly the substantial financial influence of crypto companies. CBS highlighted that Ripple, along with other crypto firms, contributed a combined $144 million to super-pacs supporting both Republicans and Democrats.<\/p>\n

Garlinghouse noted the effectiveness of these contributions in shaping electoral outcomes, noting their impact in pivotal races such as the election of Democratic senators in Michigan and Arizona. \u201cDo I think we had an impact to elect a Democratic senator in Michigan, Alyssa Slotkin? Yes, absolutely. Do I think we had an impact in Arizona? A Democratic senator in Arizona, Gallego? Absolutely,\u201d he stated.<\/p>\n

On the topic of regulation, Garlinghouse underscored the industry\u2019s push for clear legislative guidelines. He emphasized the importance of establishing \u201cclear rules of the road\u201d to ensure that the United States remains a leader in the crypto space rather than pushing the industry offshore where protections are minimal. \u201cWe\u2019ve been asking to be regulated. So we have been saying, hey, look, just give us clear rules of the road,\u201d the Ripple CEO said.<\/p>\n

Garlinghouse praised bipartisan efforts, specifically citing the Fit 21 bill as a significant step towards a balanced regulatory framework that reallocates some regulatory responsibilities from the SEC to the Commodity Futures Trading Commission (CFTC)<\/a>. On the XRP lawsuit, CBS aired only a few word by the Ripple CEO: \u201cTheir allegation was that Ripple in our sales of XRP represented the sale of an unregistered security. [\u2026] I went to Harvard Business School. I think I\u2019m reasonably intelligent about what is a security. So never once had I considered the possibility that, okay, maybe XRP is a security.\u201d<\/p>\n

Garlinghouse also touched upon the evolving political landscape, noting President-elect Donald Trump\u2019s U-turn on cryptocurrency. Speaking on Trump\u2019s crypto project<\/a>, he stated: \u201c Whether or not it\u2019s a conflict of interest, the voters have knowingly said we want this person to be our president. Yeah, the voters have spoken more so than I have.\u201d<\/p>\n

Following the broadcast, Garlinghouse expressed<\/a> his dissatisfaction via X with the segment, criticizing its lack of comprehensive coverage on key developments. He pointed out that the interview failed to mention a Judge\u2019s Analisa Torres\u2019 ruling that XRP is not a security. \u201d60 Minutes shockingly left out that a Federal Judge ruled that XRP is not a security\u2026Gensler\u2019s shill (John Reed Stark<\/a>) knows better despite his comments that 60 Minutes chose to air,\u201d Garlinghouse wrote.<\/p>\n

He added: \u201cLastly, to say crypto has no utility is exactly what the naysayers said about the Internet in its earliest days \u2013 that it\u2019s nothing more than illicit activity. [\u2026] Today, even JPMorgan is coming around on blockchain\u2026 (conveniently 60 Minutes also failed to mention that Ripple is doing billions of dollars of KYC-ed transactions for our institutional customers \u2013 leveraging XRP to move money cross-border more efficiently than traditional payment rails.)\u201d<\/p>\n

The Crypto Industry Reacts<\/h2>\n

Perianne Boring, Founder and CEO of The Digital Chamber, also voiced<\/a> her criticism via X, labeling the segment a \u201cmissed opportunity\u201d for a balanced discussion. She argued that the episode misrepresented crypto advocacy as a threat to democracy, ignoring the First Amendment protections of free speech and property rights inherent in permissionless cryptocurrencies.<\/p>\n

\u201cCBSNews failed in its role as a protector of First Amendment values by ignoring these fundamental truths. Instead, it framed American businesses\u2019 advocacy for these rights as unethical political lobbying, misrepresenting the real stakes of the crypto debate,\u201d Boring remarked.<\/p>\n

She also contended that the segment relied heavily on John Reed Stark, a former SEC official whose credibility in the crypto space is limited, thereby weakening the opposing viewpoint presented. \u201cThis sensationalized rhetoric ignored key facts: crypto transactions are logged on a public, immutable public ledger\u2014the blockchain. [\u2026] An actual crypto crime expert would have provided a nuanced, fact-based perspective. Instead, 60 Minutes chose to amplify an unqualified voice, undermining its credibility. [\u2026] It\u2019s baffling that 60 Minutes failed to challenge such an easily disproven assertion\u201d<\/p>\n

Boring further criticized the portrayal of the SEC\u2019s stance, highlighting the agency\u2019s own regulatory failures, such as the oversight collapse of the FTX exchange. She argued that blaming FTX\u2019s downfall on crypto itself overlooks the lack of a clear regulatory framework in the United States, which she believes created the conditions for FTX\u2019s growth and eventual collapse. \u201cHad the US established a clear, consistent regulatory framework, domestic exchanges could have taken the lead, operating under U.S. oversight to protect investors and prevent fraud,\u201d she noted.<\/p>\n

At press time, XRP traded at $2.37.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

In the latest episode of CBS\u2019s \u201c60 Minutes,\u201d Ripple CEO Brad Garlinghouse made a rare appearance to discuss the intersection of crypto and politics. Despite the high-profile platform, many crypto community members found the segment underwhelming, with Garlinghouse\u2019s contributions being infrequent amidst a broader narrative that lacked depth and balance. Ripple CEO Slams CBS Throughout […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3967","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3967"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3967\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}