XRP Up 2.5% As Ripple CEO Brad Garlinghouse Invites Pro-Bitcoin Senator Lummis To Public Discussion

Benzinga
21 May

Ripple CEO has Brad Garlinghouse voiced disappointment after Senator Cynthia Lummis (R-Wyo.), Chair of the Senate Digital Assets Subcommittee, cancelled a scheduled meeting and failed to reschedule.

What Happened: In an X post on May 19, Garlinghouse stated that he is traveling to Washington, D.C. to advocate for pro-crypto legislation, particularly around stablecoins and market structure, and is encouraged by bipartisan recognition of crypto as a multichain industry.

However, he expressed disappointment that Lummis cancelled a meeting and hasn’t rescheduled.

Despite the cancellation, he extended a public invitation to Lummis for a live conversation, whether via X Space or at one of the many crypto events, as a step toward aligning with the Trump administration's stated ambition of making the U.S. the global leader in crypto.

Why It Matters: Lummis has been regarded as a pro-crypto senator, particularly supportive of Bitcoin.

Her decision to cancel has fueled speculation as some questioned whether her bias against altcoins like XRP, or Trump's recent omission of XRP in his executive order on crypto, played a role.

Also Read: XRP Slides 10% In 7 Days: What Is Going On?

Trade Bitcoin, Ethereum, and More Instantly — No Wallets, No Hassle

Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.

Disclosure: 82% of retail CFD accounts lose money

As XRP XRP/USD is up 2.5% on Wednesday and back at $2.40, market commentator Crypto Tony predicted a reclaim of $2.50 could send XRP to fresh highs. Trader Blockchainedbb also noted a high-frequency trade breakout setup, suggesting a local move is imminent.

Crypto social media influencer John Squire added that "XRP is quietly shaking pillars that BTC never could."

He emphasized XRP's role in global financial infrastructure, banking partnerships, and CBDC integration.

He also noted its low energy use and non-reliance on miners.

Loading...
Loading...

Read Next:

  • XRP Drops 1%: Why Is It Going Down?

Image: Shutterstock

$XRPRipple
$2.391.42%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
98.49
Price Trend
Short
Medium
Long
Overview
Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10