Ripple CEO Brad Garlinghouse has expressed disappointment with how his interview on the popular American television program 60 Minutes was handled. The episode, which aired on Sunday, December 8, 2024, was widely anticipated as it was the first to feature cryptocurrency, but Garlinghouse criticized it for significant omissions and mischaracterizations.
In a post on X on December 9, Garlinghouse revealed that much of his discussion with host Margaret Brennan focused on the need for regulatory clarity in the cryptocurrency sector. However, he criticized the program for failing to highlight critical developments in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), particularly the court ruling where a federal judge declared that XRP is not inherently a security.
Crypto made its debut on @60Minutes tonight – there’s no doubt that these technologies will continue to become more and more mainstream – with influence and reach that will only continue to grow.
A few things I do want to comment on after watching:
I spoke with Margaret…
— Brad Garlinghouse (@bgarlinghouse) December 9, 2024
This oversight frustrated Garlinghouse, who has been vocal about the SEC’s continued appeal of the decision. Notably, he criticized the regulator’s actions on October 3 as “misguided and infuriating” and reaffirmed Ripple’s commitment to fighting efforts to classify XRP as a security. He emphasized that Ripple, the crypto industry, and the rule of law had already prevailed in the case.
The Ripple CEO reiterated during the interview that he has never considered XRP to be a security. In contrast, the program featured a segment with former SEC official John Reed Stark, who claimed that several U.S. judges view cryptocurrencies as securities.
The Ripple CEO also took issue with 60 Minutes’ claim that cryptocurrencies lack utility, likening it to early scepticism of the internet. He highlighted blockchain’s growing acceptance in traditional finance, pointing to JPMorgan Chase’s use of blockchain solutions and Ripple’s success in enabling billions of dollars in KYC-compliant cross-border transactions.
The criticism of the 60 Minutes episode extended beyond Garlinghouse. Many crypto enthusiasts on X accused the program of bias, calling the segment a “hit piece” and alleging it aimed to undermine the cryptocurrency industry. Some claimed the program implied that crypto firms had influenced the last U.S. election through significant donations to political action committees (PACs).
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