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- Brad Garlinghouse slams Senator Lummis for canceling a crypto policy meeting in Washington.
- Legal expert Bill Morgan accuses Lummis of favoring Bitcoin over fair, multichain regulation.
- Tensions rise in the crypto industry as leaders push back against Bitcoin-only legislative focus.
Ripple CEO Brad Garlinghouse has strongly criticized Senator Cynthia Lummis after she canceled a scheduled meeting without rescheduling. The meeting was expected to discuss stablecoins and rules affecting the whole crypto sector in the digital asset industry.
After visiting Washington, D.C., to support new rules, Garlinghouse told the media he didn’t expect to hear from Senator Warren. He insisted that lawmakers include all digital assets, not just Bitcoin, when making laws.
At present, Lummis chairs the Digital Assets Subcommittee in the Senate, representing Wyoming, a pro-crypto state. Garlinghouse thinks it’s important for her role to include open talks with everyone involved in crypto.
He offered the Senator the opportunity to talk about X Space in a public forum and to join her for a conversation onstage whenever they went to a big crypto conference as a pair.
Allegations of Bitcoin Favoritism Spark Industry Concerns
After Garlinghouse’s tweet, legal professional Bill Morgan publicly expressed doubts about Lummis sticking only to Bitcoin. According to Morgan, her statements often share views popular among Bitcoin maximalist members.
According to Morgan, believing in Bitcoin’s uniqueness holds back equal respect for blockchain assets outside of Bitcoin. He cautioned that it could cause regulations to be unfair and harm the progress made across crypto.
Some claim that if the U.S. supports Bitcoin’s favored development, it will lose out on becoming a multichain leader. Several industry players now advocate for new rules that create a fair competition context for all tangible digital assets.
He stated he continues working with willing lawmakers to create more balanced regulations. He pointed out that using blockchain technology requires considering policies concerning the wider technology, not just Bitcoin policies.
Also Read: Vitalik Buterin Unveils Bold Ethereum Plan to Make Local Nodes Mainstream
