u.today
According to a Friday report by Semafor, enterprise blockchain company Ripple will attend a meeting at the White House on Wednesday.
Apart from Ripple, such big names as Coinbase, a16z, Chainlink, and Paradigm will also be in attendance.
U.S. Securities and Exchange Chair Paul Atkins as well as Commodity Futures Trading Commission Chair Michael Selig will be present during the meeting as well.
On Thursday, Politico reported that the White House was preparing to host a gathering focusing on crypto and prediction markets.
This will not be Ripple's first appearance at 1600 Pennsylvania Avenue. In early 2025, Ripple CEO Brad Garlinghouse attended the White House Digital Assets Summit, the administration's first presidential crypto summit. Garlinghouse was among a relatively small group of crypto executives invited to the event, alongside Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, and Strategy's Michael Saylor. The company associated with the XRP cryptocurrency also had another documented presence at the White House in July during the signing the stablecoin-focused GENIUS Act.
As reported by U.Today, Ripple also took part in an important White House summit earlier this year.
Last year, however, Ripple's lobbying operation briefly became a source of friction inside the White House because lobbyist Ballard Partners avoided important access procedures. However, Ripple was not permanently excluded from the White House despite attracting the ire of the administration.
Regulatory uncertainty
As reported by U.Today, the CLARITY Act, which has been persistently pushed by the White House, did not receive a final Senate vote before the August recess. Senate Majority Leader John Thune has scheduled a procedural vote for Sept 15.
In July, White House crypto adviser Patrick Witt pushed back against Thune’s increasingly pessimistic assessment.
Witt and senior White House officials participated in negotiations with Republican senators over one of the bill’s most contentious provisions.