Ripple CEO Demands Equal Rules for Crypto Firms and Banks

Ripple CEO Demands Equal Rules for Crypto Companies and Banks

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 16, 2025

Key Takeaways

Garlinghouse urged that crypto firms meeting legal standards should receive the same access to financial systems as banks;
He criticized traditional banks for pushing back against crypto firms seeking bank charters and equal treatment;
He argued that equal access and consistent regulation would lead to a clearer and more stable financial environment.

Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁

BITDEGREE IN YOUR SOCIAL FEED

Brad Garlinghouse, the head of Ripple, recently spoke about the need for equal treatment between traditional banks and crypto companies.

He made these comments during DC Fintech Week, where he shared concerns about how financial rules are applied differently depending on the type of institution.

He stated that while cryptocurrency firms are expected to meet legal requirements, such as those for anti-money laundering and customer verification, they do not always have the same access to financial infrastructure as banks.

What is BNB? The Truth Behind Binance Smart Chain (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

For example, he noted that if both types of companies follow the same rules, they should both be allowed to hold accounts with the Federal Reserve.

Garlinghouse pointed out that crypto firms are ready to follow the same standards as banks when it comes to regulation. However, they often face pushback when trying to gain the same opportunities.

Recently, some traditional banking groups sent a letter to the Office of the Comptroller of the Currency asking for delays in approving such applications. Their main concern was that allowing crypto companies to operate as banks could lead to confusion and risk in the financial system.

Garlinghouse responded that it is disappointing to see banks oppose efforts that could bring more structure and clarity to the industry. He added that granting crypto companies access to the same systems would support a more stable and well-regulated environment.

Meanwhile, a new legislative proposal in Wisconsin, known as Assembly Bill 471, could change how crypto businesses and individuals are regulated. What does the bill cover? Read the full story.