Brad Garlinghouse, CEO of Ripple, has publicly endorsed pro-crypto lawyer John Deaton in his campaign to unseat Senator Elizabeth Warren in the upcoming Senate election in Massachusetts. Garlinghouse praised Deaton for advocating for XRP and the broader crypto industry while criticizing Senator Warren for spreading misinformation about crypto. The Ripple CEO encouraged supporters to donate to Deaton’s campaign and vote for him in the upcoming election, highlighting Deaton’s efforts to defend the interests of digital asset holders.
Deaton has consistently championed XRP and participated in lawsuits to advocate for clearer regulatory guidelines in the crypto sector, criticizing the US government’s enforcement-focused regulatory approach. In contrast, Senator Warren has been a vocal opponent of the crypto industry, announcing plans to establish an anti-crypto coalition and supporting legislation viewed as detrimental to the sector. Garlinghouse’s endorsement of Deaton aligns with a broader wave of support from influential figures in the crypto space, including Coinbase CEO Brian Armstrong and tech billionaire Elon Musk.
In addition to endorsing Deaton, Ripple’s custodial business is expanding through a strategic partnership with Turkey’s Garanti BBVA Kripto, the digital asset company of the country’s second-largest private bank, Garanti BBVA, and IBM. This collaboration aims to enhance the bank’s capabilities in building and managing institutional-grade critical management infrastructure to meet the increasing demand for digital assets among its clients. Garanti BBVA Kripto CEO Korcan Abalı noted that the number of customers transferring and storing their crypto assets is growing daily, highlighting the importance of expanding institutional-grade custody solutions.
The partnership between Ripple, Garanti BBVA Kripto, and IBM signifies a continued push towards supporting and developing infrastructure for digital asset management, catering to the growing demand for secure and reliable custody solutions in the crypto sector. As the industry expands and evolves, collaborations between institutions, technology providers, and legal advocates like John Deaton are crucial in shaping a regulatory environment that fosters innovation and adoption while protecting the interests of digital asset holders. With influential figures like Garlinghouse, Armstrong, and Musk endorsing Deaton, there is a collective effort to support candidates who prioritize the growth and development of the crypto industry.
