News View Non-AMP

Ripple News: Gary Cardone Says Brad Garlinghouse Failed XRP Investors on ‘60 Minutes’

Published by
Anjali Belgaumkar

Ripple CEO Brad Garlinghouse appeared in a recent 60 Minutes interview, which provided exposure for both Ripple and the broader cryptocurrency industry. However, the interview also faced criticism for including comments from John Reed Stark, a vocal critic of crypto, who dismissed it as a scam with no utility. His views align with those of SEC Chairman Gary Gensler, and many felt they were presented without proper counterpoints.

Garlinghouse later took to social media and pointed out that 60 Minutes failed to mention a federal judge’s ruling that XRP is not a security. He also said that the program overlooked the SEC’s legal setbacks and meetings between Gensler and FTX founder Sam Bankman-Fried. These omissions sparked concerns about potential bias in the reporting.

Criticism of Garlinghouse’s Leadership and Strategy

On the Good Morning Crypto Show, Gary Cardone of Cardone Digital Ventures shared his thoughts on Garlinghouse’s appearance on 60 Minutes, saying he’d rather speak his truth than worry about how it’s edited. He pointed out that Ripple paid for the interview, which likely cost millions, and questioned why Garlinghouse would let it be edited in a way that made him look bad. Cardone argued that if Garlinghouse couldn’t control the interview, it raised doubts about his leadership. He also criticized the marketing strategy, saying it failed as an investment.

Cardone admitted that he bought XRP, expecting Garlinghouse to perform better. However, he remains uncertain about holding it long-term. He also mentioned that when he asked Ripple-related questions, he never received answers, particularly about why Ripple doesn’t replicate MicroStrategy’s strategy of buying and holding assets like XRP. 

Ripple’s Success Amid Controversy

However, despite these issues, Garlinghouse considered the appearance a success for Ripple, as it showed the company’s legitimate use of XRP for cross-border transactions and brought to attention the growing recognition of blockchain technology

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Nvidia Says No to Crypto —Arbitrum Deal Scrapped Without Warning!

Nvidia has paused its anticipated collaboration with Arbitrum, an Ethereum Layer 2 network, just moments…

April 25, 2025

Is Bitcoin a Risk-On or Risk-Off Trading Vehicle? A Comparative Analysis of Gold and Stocks

Over the past decade, Bitcoin has emerged as a highly debated asset in the financial…

April 25, 2025

ONDO Price Surges 17% After SEC Task Force Meeting: What’s Next?

The SEC's crypto task force, led by is actively meeting with digital asset companies to…

April 25, 2025

“Bitcoin Jesus” Pays $600K to Donald Trump Ally to Fight Crypto Charges

Roger Ver, once known as the “Bitcoin Jesus” for his early and passionate support of…

April 25, 2025

Top Altcoins to Consider Before Bitcoin Price Revives a Rise Back to $100K

Bitcoin price is closely correlated with many altcoins that closely follow the trend. These altcoins…

April 25, 2025

Pi Network News: Here’s How a New User on OKX is Selling 3 Pi Coins for $314,159 Each

Pi Coin (PI) is currently trading at $0.65, up slightly by more than 1% at…

April 25, 2025