The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government's pressure on banks to be wary of digital assets, saying Citi dumped him.

Ripple CEO Brad Garlinghouse is a big cynic on U.S. crypto regulation, but highly optimistic about the post-election environment around the corner.

After being embroiled in a years-long dispute with the US Securities and Exchange Commission over what constitutes a security, Ripple Labs Inc. Chief Executive Officer Brad Garlinghouse says it’s “just inevitable” that the company’s XRP cryptocurrency will be offered through an exchange-traded fund.

Ripple CEO Brad Garlinghouse shared that major banks, including Citi Bank, rejected working with him due to his crypto involvement.

Ripple CEO says operation chokepoint 2.0 is very real, and he has been a victim himself. Brad Garlinhouse claimed Citibabank terminated his bank account after

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Ripple’s CEO, Brad Garlinghouse, was de-banked by a U.S.-based banking institution, Citibank. The crypto executive emphasized that the bank de-banked him for his close ties and prominence in the crypto industry.