Ripple’s CEO is the most pro-crypto congressman in US history

Ripple CEO Brad Garlinghouse highlighted the 119th US Congress as a historic moment for cryptocurrency, calling it the most pro-crypto legislature in US history.

This optimism reflects a growing belief in the industry that significant regulatory progress may be on the horizon for the emerging industry.

Pro-Crypto Congress creates optimism for blockchain innovation

On Jan. 3, Garlinghouse shared his excitement about the new term of Congress, highlighting the energy surrounding this landmark change. His comments echo the sentiment of the pro-crypto movement fueled by recent election victories.

Today, here in America, we welcome the 119th Congress – known as the most pro-crime Congress in history. The journey is just beginning, but you can't deny the energy and excitement that is building in the industry. Let's get to work,” Garlinghouse said.

Stand With Crypto, a cryptocurrency advocacy group that celebrated the election of 298 pro-crypto lawmakers from both political parties, expressed optimism. This diverse coalition includes first-time representatives and policymakers committed to advancing blockchain innovation.

“SWC Welcomes the 119th Congress: The Most Pro-Crypto Congress in History. With 298 pro-crito legislators sworn in today, we look forward to a productive year. The future is bright!” He wrote on Stand With Crypto X.

The rise of pro-crito lawmakers is due in part to significant industry support. During the election cycle, political action committees (PACs) like Fairshack raised more than $200 million for candidates advocating for innovation-friendly policies. Key contributors include Coinbase, Ripple and Jump Crypto, along with notable investors such as Andreessen Horowitz.

This unprecedented alignment between the crypto industry and policymakers has created optimism for regulatory transparency.

Many industry stakeholders believe the new Congress can advance critical initiatives such as the Financial Innovation and Technology for the 21st Century Act (FIT21). There is also hope to support Senator Cynthia Lammis' proposal to establish a strategic bitcoin reserve.

Additionally, the crypto community expects this Congress to challenge overreaching policies from regulators like the Securities and Exchange Commission (SEC), whose actions have previously stifled innovation. Already, several crypto companies, including Coinbase and the Blockchain Association, have expressed their readiness to cooperate with legislators to develop a balanced framework.

The broad support for pro-crypto lawmakers points to efforts to achieve clear and supportive regulations that pave the way for the United States to solidify its position as a global leader in blockchain and cryptocurrency innovation.