Ripple CEO Brad Garlinghouse dropped a bombshell during DC Fintech Week, revealing that Citibank has terminated his personal bank account. The reason? His prominent role in the crypto space. Garlinghouse didn't hold back, blaming the Biden administrationโs regulatory policies for suffocating the crypto industry and urging startups to consider leaving the U.S. to avoid the chaos.
Meanwhile, Ripple's recent donations of over $10 million to the Democratic Party, including Kamala Harrisโ campaign, have sparked controversy, with many questioning Rippleโs true stance. Garlinghouse, however, claims this isnโt about politics but the future of crypto, vowing to support pro-crypto efforts on both sides of the aisle.
โก Tensions are rising โ whatโs next for Ripple and the U.S. crypto scene? Stay tuned!
