PANews reported on May 20 that according to CryptoSlate, Ripple CEO Brad Garlinghouse disclosed on social media that Cynthia Lummis, chair of the U.S. Senate Digital Assets Subcommittee, suddenly canceled the scheduled meeting and did not propose a rescheduling. The Wyoming senator, who is known for supporting cryptocurrencies, had previously promoted the Bitcoin Strategic Reserve Act, but was recently questioned by the community for having a bias in favor.
Garlinghouse said he is promoting legislation on stablecoins and market structure regulation in Washington, and invited Lummis to discuss the goal of "making the United States the center of the crypto industry" through online or public dialogue. The crypto community noted that Lummis' son-in-law Will Cole works for Bitcoin payment company Zaprite, and his family has financial ties with a16z Venture Capital. Bitcoin supporters accused Garlinghouse of losing credibility by promoting central bank digital currencies (CBDCs). The cancellation of the meeting triggered a discussion about the inclination of U.S. crypto policy. Lummis' office has not yet responded to the relevant questions, and Ripple's lawsuit with the SEC over the securities attributes of XRP is still ongoing.
