Ripple CEO Brad Garlinghouse (브래드 갈링하우스) attended a White House cryptocurrency summit, but XRP did not show an immediate breakout move, blockchain outlet U.Today reported on Aug. 19.

Garlinghouse appeared at the White House event alongside administration officials, heads of major financial regulatory agencies and industry representatives.

Garlinghouse did not deliver a separate speech at the event. The administration also only briefly mentioned Ripple. With few moments that could offer direct comments or policy signals related to Ripple, XRP was also reported not to have shown a strong immediate reaction at the venue.

The event’s core message was aligned with the administration’s stance of keeping the crypto industry in the United States. Michael Selig (마이클 셀리그), chairman of the U.S. Commodity Futures Trading Commission, said the era of political law enforcement, debanking and enforcement-driven regulation was over. He added that innovators were now welcomed at the White House and that finance’s new frontier was being built within the United States.

U.S. Securities and Exchange Commission Chairman Paul Atkins (폴 앳킨스) mentioned the agency’s newly proposed rules for crypto assets. He said the rules would provide certainty for crypto founders and job-creating companies present to raise capital in the United States using digital assets. The direction of reducing regulatory uncertainty and drawing industry activity into the institutional framework was reaffirmed.

Industry representatives that day put forward the importance of legislation and asset tokenisation. Coinbase CEO Brian Armstrong (브라이언 암스트롱) stressed that a Senate procedural vote scheduled for Sept. 15 would be a turning point that would decide the Clarity bill’s direction. He said passing the bill was needed to maintain the progress made by the administration for decades to come and added he hoped to secure more than 60 votes.

Robinhood CEO Vlad Tenev (블라드 테네프) focused on the potential for tokenised assets to become mainstream. Tenev said that, in one word, Robinhood is about “ownership,” and that broad ownership is essential to a free, stable and prosperous society. The remarks were read as linking cryptocurrencies and tokenised assets to expanding individuals’ access to assets.

Kraken CEO Arjun Sethi (아르준 세티) explained the industry’s reason for existence more directly. Sethi said the goal was to give everyone in the United States the opportunity to succeed in the same way they do, and he set out Kraken’s slogan: “Fix the money, fix the world.”

The meeting is meaningful in that the U.S. government, regulators and major industry representatives gathered in one place to confirm a pro-industry stance and the need to improve the institutional framework, rather than to support a specific company or token. As a result, the market’s next focus is expected to be on whether the SEC’s proposed rules are fleshed out and whether the Sept. 15 Senate vote leads to actual institutional change, rather than on the White House event itself.