Ripple CEO Sees Bipartisan Crypto Support After U.S. Midterm Elections, Renews Call for Clear Rules

Ripple CEO Brad Garlinghouse said after the November 3 U.S. midterm elections that he remained confident about crypto’s political standing, citing pro-crypto winners in both parties and calling for clear digital-asset rules. Democrats won control of Congress and crypto-backed committees had costly losses, but Ripple Chief Legal Officer Stuart Alderoty rejected the idea of a major setback, pointing to victories by Fairshake, a crypto-backed political action committee. Reuters reported Fairshake-backed candidates won 29 of 34 decided races as of November 4; it backed 32 House candidates. In Ohio, Democrat Sherrod Brown won a Senate seat despite more than $60 million spent to defeat him, while crypto interests spent about $200 million.