Ripple CEO Brad Garlinghouse has proclaimed the defeat of the so-called 'anti-crypto army,' crediting court decisions, voter sentiment, and President Donald Trump's policies for the industry's turnaround. In a post on X, Garlinghouse stated, 'The "Anti-Crypto Army" was defeated… by the courts… by the voters. And Trump.' He argued that the previous administration's crackdown 'never made policy, legal or political sense' and only served to protect an outdated financial system.
The term 'anti-crypto army' was popularized by Senator Elizabeth Warren, who advocated for strict oversight of digital assets via the Digital Asset Anti-Money Laundering Act. Despite Warren's continued opposition—including a recent letter to the OCC questioning Ripple's trust charter—the legislative momentum has shifted toward frameworks like the Digital Asset Market Clarity Act.
Trump echoed Garlinghouse's sentiment on Truth Social, claiming he saved the industry from former SEC Chair Gary Gensler and vowed to make the US the 'crypto capital of the world.' Regulators such as the SEC and CFTC have reversed course, dismissing multiple enforcement actions and embracing a pro-innovation stance. The CFTC recently joined Gemini in seeking relief from a past judgment, stating the case would not have been filed under current standards. Ripple has also engaged with the SEC Crypto Task Force to seek clarity on stablecoin and tokenized securities rules.
