Ripple CEO Garlinghouse Ousted From Citigroup Over Crypto Ties
Ripple CEO Brad Garlinghouse revealed that he has been personally severed from his longtime banking relationship with Citigroup because of his role in the crypto industry.
Speaking at DC Fintech Week in Washington, Garlinghouse shared that the U.S. crypto industry is facing increasing challenges in maintaining banking ties, as regulators urge institutions to distance themselves from crypto-related entities.
Garlinghouse stated that Citigroup, where he had been a customer for over 25 years, gave him just five days to move his funds. “They were actually super honest,” he noted, explaining that the bank cited his status as a key figure in the crypto space as the reason for heightened scrutiny from federal regulators. This…
