Ripple CEO Demands Equal Regulatory Treatment Between Traditional Finance and Cryptocurrency Firms

Brad Garlinghouse, CEO of Ripple, has publicly advocated for regulatory parity between traditional financial institutions and cryptocurrency enterprises. In a recent statement, Garlinghouse emphasized that Ripple should be subject to identical oversight and compliance requirements as established banking entities. This call for equitable treatment comes as Ripple awaits a pivotal ruling from the Office of the Comptroller of the Currency (OCC) regarding its application for a national banking charter. Garlinghouse’s remarks underscore the growing push from blockchain-based companies for clearer, consistent regulatory frameworks that align with those governing conventional finance. He argued that such parity would foster innovation while ensuring robust consumer protections and market integrity. The outcome of Ripple’s charter application could set a significant precedent for how digital asset firms are integrated into the broader financial ecosystem, potentially influencing future policy decisions and industry standards.