Crypto Giants Unite for Clear Rules, Ripple CEO Says Progress Made

Ripple CEO Brad Garlinghouse praised the recent landmark crypto gathering in Washington, arguing that the city's stance on blockchain and cryptocurrencies has dramatically changed over the past decade.

The event brought together both crypto industry figures and major Traditional Finance (TradFi) players, including NASDAQ, CME, CBOE, NYSE, DTCC, and Options Clearing. Garlinghouse noted that the line-up was like an 'Olympic roster of Crypto', highlighting the intersection between TradFi and crypto.

The gathering's impact was evident in the global market cap adding $215 billion to its overall market capitalization the following weekend, with XRP's price responding with a 55% upswing to reclaim $1.50 just days after the event took place.