Ripple CEO Brad Garlinghouse said Japan is “committed to advancing crypto” after meeting Taira Masaaki, a Web3 and AI-focused member of Japan’s House of Representatives, during XRP Community Day on Friday. The meeting included discussions on blockchain’s potential for Japan.

The XRP Community Day saw the participation of key figures from Japan’s political, financial, and business sectors. Garlinghouse praised Japan’s “clear frameworks and constructive policy” that promote innovation and consumer protection.

Taira added, in a post translated from Japanese, that they discussed “how to utilize blockchain to maximize Japan’s potential.”

Garlinghouse also held a press conference in Seoul, South Korea, last week where he criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, noting that the court ruled that XRP is not a security in itself, marking a crucial win for the crypto industry. The Ripple CEO doubted Gensler’s continued leadership and emphasized the bipartisan importance of tech policy ahead of the U.S. election. Ripple also announced a partnership with Yonsei University to advance blockchain research.

The executive highlighted the significance of the Asian market, stating:

The majority of all XRP held on exchanges worldwide is in Korea and Japan.

Ripple’s expansion efforts target Korea and Japan, with Korean institutions interested in crypto custody. Ripple President Monica Long discussed potential partnerships with banks like Hana and Shinhan, dependent on regulatory developments.

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