Following Musk’s tweets about crypto during a speech in Pittsburgh, Pennsylvania, Ripple CEO Brad Garlinghouse spoke out in a recent tweet.
Musk was also asked specifically about Ripple and XRP Ledger’s future, but his response was more general about cryptocurrency in general.
Musk was questioned about whether XRP ad Ledger could, by extension, be used by financial institutions in the future as the SEC’s scrutiny under Gary Gensler continues.
Ripple CEO Responds to Musk
Musk replied that cryptocurrency is an ‘interesting bulwark’ from centralized control, adding crypto ‘also supports individual freedom.’ But Musk let it be known that this ‘was not an endorsement or lack of endorsement’ for XRP.
So people really do care about crypto, and particularly about Ripple, Garlinghouse said in response to Musk’s comments on X (previously Twitter). He pointed out the problem is not a fringe thing but a real thing for users.
According to Garlinghouse, what the crypto communities really wanted was regulatory clarity and policies supportive of innovation and job creation, not this stifling uncertainty that the crypto community finds itself currently facing.
It follows a history of Musk involving himself with crypto. Back in 2024, Musk talked on a podcast about how much he loved Dogecoin, mostly because he loved memes and dogs.
Musk acknowledged some possibility in Bitcoin and other cryptocurrencies, but clarified that he has no plans to promote any coin actively, beyond lighthanded references.
Musk’s approach is cautious but his impact on the crypto market is significant many in the industry react to his comments. Garlinghouse’s response to that tweet indicates a need for more legitimate policy discussions in the crypto space, in which jokes and memes take center stage.
