Ripple Lands Formal Seat at CFTC Regulatory Table
Ripple's position in Washington has dramatically changed, as evidenced by CEO Brad Garlinghouse standing beside President Donald Trump at a recent White House gathering. The event was a CFTC Innovation Advisory Committee launch on August 19th, where Garlinghouse was formally appointed to the committee alongside executives from major financial and crypto companies.
The CFTC's move is significant as it gives Ripple a formal seat at the regulatory table. The committee advises the regulator on issues spanning technology, law, policy, and financial markets. This shift comes as Washington debates the CLARITY Act, which aims to establish clearer federal jurisdiction over digital assets.
Ripple CEO Garlinghouse has repeatedly supported moving the legislation forward, describing regulatory clarity as important for the next stage of U.S. crypto development. The renewed attention on Ripple and XRP also arrives during a sharp rebound in the asset's price, with XRP trading around $1.45 on September 4th after gaining roughly 7.4% on September 3rd.