"New Beginning": Ripple CEO Responds to Federal Governors Endorsing Cryptocurrency

In a surprising development, regulators and policymakers are increasingly embracing cryptocurrencies, marking a significant shift in attitudes towards the nascent asset class.

At this year's SALT 2025 investment conference, discussions feel very different. Regulators and policymakers are being more open to the potential of cryptocurrencies, a stark contrast to previous years.

Ripple CEO Brad Garlinghouse has described this shift as "a new dawn," noting a drastic change in attitudes over the past year. He is not alone in his observation. Governor Michelle Bowman of the Federal Reserve has argued that regulators should abandon their overly cautious mindset towards digital assets and instead adopt a proactive approach to foster innovation.

Governor Bowman's suggestion is not without merit. Embracing cryptocurrencies could lead to significant advancements, particularly in the areas of tokenization and smart contracts. These technologies, once considered scary, are now being seen as potential tools for innovation by some regulators.

Christopher Waller, an American economist and member of the Federal Reserve Board of Governors since 2020, has been vocal about his openness to financial innovation. His involvement in key Fed committees overseeing payments and settlement systems, as well as his work at the Federal Reserve Bank of St. Louis, indicate a forward-thinking approach. He recently stated that technologies like tokenization and smart contracts are not scary, further suggesting a shift in the Fed's stance on cryptocurrencies.

The Federal Reserve has also discontinued its cryptocurrency-focused supervision program, a move that many interpret as a step towards legitimizing cryptocurrencies.

This newfound openness is evident even within the Federal Reserve. Even Federal Reserve governors are now embracing cryptocurrencies, a surprising development that signals a significant shift in the regulatory landscape for the digital asset industry.

Meanwhile, Ripple, the enterprise blockchain company, is experiencing a new phase following the resolution of its legal battle with the SEC. The United States Court of Appeals for the Second Circuit put an end to the legal battle, marking a significant milestone for Ripple's ongoing operations.

In conclusion, the landscape for cryptocurrencies is changing. Regulators and policymakers are showing increased openness towards digital assets, and even the Federal Reserve is embracing the potential of this nascent industry. This new era could lead to significant advancements and innovations in the world of cryptocurrencies.

"New Beginning": Ripple CEO Responds to Federal Governors Endorsing Cryptocurrency