According to CoinDesk, Ripple CEO Brad Garlinghouse revealed that he has been severed from a longstanding banking relationship due to his prominent role in the cryptocurrency industry. Speaking at DC Fintech Week, Garlinghouse shared that individuals within the crypto sector are increasingly being de-banked. He cited his own experience, noting that Citigroup Inc., where he had been a customer for about 25 years, recently cut ties with him. Garlinghouse mentioned that this was not the only personal banking relationship he has lost because of his involvement in crypto.

Garlinghouse criticized the current U.S. administration, particularly targeting Securities and Exchange Commission (SEC) Chair Gary Gensler, accusing him of leading a