Ripple CEO touts record quarter, warns policy weaponization

Ripple CEO Brad Garlinghouse announced that the company is set for a record first quarter, attributing this success to strategic acquisitions and investments totaling approximately $4 billion in the crypto ecosystem last year. Despite the strong performance, Garlinghouse expressed concerns about potential policy weaponization by lawmakers, which could hinder innovation in the cryptocurrency space. He also noted that the CLARITY Act is less likely to be signed into law by the end of April, suggesting a potentially longer regulatory evolution than anticipated.