Ripple Chief Credits Treasury Secretary for Crypto-Friendly Policies at Swell Event

On October 27, Ripple CEO Brad Garlinghouse publicly praised Treasury Secretary Scott Bessent during the opening of the Swell conference in Manhattan. He credited Bessent’s leadership with creating better conditions for responsible crypto businesses in the United States.

Alongside the remarks, Ripple rolled out its 24/7 Returns feature on October 26, letting eligible corporate clients earn yield on idle digital assets such as RLUSD without handling the underlying transactions themselves.

Garlinghouse also highlighted fresh commercial wins: a broad partnership with Robinhood covering institutional services and treasury operations, expanded custody work with BNY, and final regulatory approval for Ripple National Trust Bank.

The positive tone continues a pattern that began after Bessent’s nomination in November 2024 and includes Garlinghouse’s September push for the CLARITY Act proposed by the Treasury chief.

Based on information from cryptonews.net