Ripple CEO Brad Garlinghouse said U.S. cryptocurrency regulatory clarity is closer than ever and Washington’s approach has changed markedly over the past decade. His comments followed the first meeting of the U.S. Commodity Futures Trading Commission’s Innovation Advisory Committee, chaired by Michael Selig, where crypto firms and traditional finance executives participated. Garlinghouse said the group agreed old rules were insufficient. He also cited recent SEC and CFTC moves and Ripple’s long legal fight with the SEC.

David Schwartz, Ripple\'s former chief technology officer, said he secured a significant amount of Ripple stock in the company’s early days. He made the remark on X after questions about the size of his retirement compensation following the disclosure of his XRP holdings. Schwartz did not disclose how much stock he owned, what price he paid or how much he still holds. Ripple’s valuation has risen in recent months.