person
Brad Garlinghouse is CEO of Ripple, the company behind the XRP-linked payments network and cryptocurrency.
No evidence-backed relationships are recorded.
CryptoQuant's scarcity index for XRP on Binance has fallen to its lowest since January 2025, with the token trading around $1.10 to $1.13. The index is scored against a shrinking baseline, so it shows that supply is returning more clearly than it shows how much.
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The Senate voted 50-49 against the Clarity Act on September 15, so the federal digital-asset framework stays unwritten. The fight that sank it was over ethics language tied to the president's own crypto holdings.
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Ripple's $1 billion purchase of GTreasury put RLUSD on the dashboards of more than 1,000 corporate treasuries in April, and the constraint has moved from distribution to how fast the coin's float can turn.
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Chairman Michael Selig has told staff to work out what existing authority can carry. His innovation committee's first meeting produced no rule text and one candid caveat about enforcement.
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The SEC proposed exempt-offering caps, the CFTC threatened to write its own regime, and Trump asked for a Clarity Act he can sign. The US rulebook gets drafted either way.
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