<ul class="wp-block-list">
  
 <li>Ripple CEO Brad Garlinghouse criticized 60 Minutes for omitting key details on the SEC-XRP lawsuit and crypto's role.</li>   
 <li>Garlinghouse rejected 60 Minutes' claim that crypto has no real utility, comparing it to early internet skepticism.</li>   
 <li>Crypto community backlash accuses 60 Minutes of undermining the industry amid political and financial tensions.</li> 
</ul>   
<p>Ripple CEO Brad Garlinghouse on 60 Minutes Show discussed regulatory clarity in cryptocurrency and the impact of Ripple on international payments as shown in his <a href="https://x.com/bgarlinghouse/status/1865930540056027268" target="_blank" rel="noreferrer noopener">X post</a>. However, Garlinghouse was disappointed at how 60 Minutes portrayed digital assets. He noted several omitted important details regarding <a href="https://www.dlnews.com/articles/people-culture/ripple-ceo-rips-former-sec-official-in-60-minutes-xrp-debut/" target="_blank" rel="noreferrer noopener">XRP and Ripple</a>, particularly about the case between the SEC and Ripple.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/bgarlinghouse/status/1865930540056027268 
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<h2 class="wp-block-heading" id="h-missing-details-on-xrp-and-the-sec-lawsuit">Missing Details on XRP and the SEC Lawsuit</h2>   
<p>According to Garlinghouse, this part did not address a shift in the SEC and Ripple case. The decision of a federal judge states that XRP is not a security. This choice will affect the whole Bitcoin industry.&nbsp;</p>   
<p>Garlinghouse has never thought of XRP as a security. However, 60 Minutes showed an interview with former SEC official John Reed Stark. Stark said that some U.S. judges still believe cryptocurrencies are securities.</p>   
<h2 class="wp-block-heading" id="h-crypto-s-utility-and-changing-perceptions">Crypto's Utility and Changing Perceptions</h2>   
<p>Additionally, Garlinghouse criticized 60 Minutes’ assertion that crypto has no real utility. He compared this view to early skepticism about the internet. Back then, many believed that technology primarily facilitated illicit activities.&nbsp;</p>   
<p>However, perceptions have shifted, especially among traditional financial institutions. Garlinghouse noted <a href="https://cryptonewsland.com/jpmorgan-and-blackrock-invest-in-bitcoin-and-xrp-boosting-crypto-market/" target="_blank" rel="noreferrer noopener sponsored nofollow">JPMorgan Chase’s growing adoption of blockchain technology</a>. The CEO explained that Ripple leverages XRP for cross-border payments, offering more efficiency than traditional systems.</p>   
<p>Moreover, Garlinghouse took issue with the show’s failure to mention <a href="https://cryptonewsland.com/ripple-ceo-advocates-for-fair-crypto-rules-and-highlights-xrp-growth/" target="_blank" rel="noreferrer noopener sponsored nofollow">Ripple's role in global payments</a>. Ripple facilitates billions of dollars in KYC-compliant transactions for institutional clients. This ability to move money efficiently is transforming the financial sector. Consequently, the Ripple CEO believes blockchain and crypto will continue to shape the future of finance.</p>   
<h2 class="wp-block-heading" id="h-backlash-from-the-crypto-community">Backlash from the Crypto Community</h2>   
<p>Several viewers accused 60 Minutes of attempting to undermine the industry. One <a href="https://x.com/sotheresthat12/status/1865921812778848407" target="_blank" rel="noreferrer noopener">X user</a> suggested the program set up Garlinghouse to make crypto look bad. Others described the segment as a "hit piece," alleging corporate media resentment over the last election's outcome. In the interview, 60 Minutes noted that crypto companies contributed significantly to Super PACs, further fueling the controversy.</p> 
<p>The post <a href="https://cryptonewsland.com/garlinghouse-criticizes-60-minutes-claims-on-crypto-utility-and-sec-case/">Garlinghouse Criticizes 60 Minutes’ Claims on Crypto Utility and SEC Case</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Garlinghouse Criticizes 60 Minutes’ Claims on Crypto Utility and SEC Case

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