Peter Smith
Ripple CEO Brad Garlinghouse will testify before the Senate Banking Committee on July 9, 2025, discussing crypto market structure legislation that could shape XRP's future.
XRP Boss Heads to Capitol Hill
Ripple CEO Brad Garlinghouse just confirmed he's testifying before the U.S. Senate Banking Committee this Wednesday, July 9, 2025. It's a big deal for crypto regulation talks, and Garlinghouse says he's "honored to be invited" to the hearing.
The Senate Banking Committee is holding a crypto market structure hearing, and Garlinghouse will join other top industry players. The hearing involves the Banking Committee's Subcommittee for Digital Assets, showing how seriously lawmakers are taking crypto these days.
Ripple (XRP) Moving Past Legal Drama
This testimony comes after Ripple finally got some good news from the courts. The company behind XRP, RLUSD stablecoin, and the XRP Ledger just wrapped up a massive legal fight where a U.S. judge ruled that XRP isn't a security. That's huge for the company and the whole crypto space.
Ripple recently dropped its appeal of the court's permanent injunction on institutional XRP sales. The company has been dealing with U.S. regulators since 2013, way before most people even knew what crypto was. Besides the SEC drama, Ripple has dealt with the Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the Financial Stability Oversight Council. The biggest headache was when the SEC sued Ripple and its executives back in December 2020 - that lawsuit dragged on for almost five years.
What This Means for XRP's Future
Now Garlinghouse gets to speak directly to lawmakers about what the crypto industry needs. His testimony will probably focus on getting proper crypto market structure legislation that lets innovation happen while keeping consumers safe.
The timing is pretty perfect too. Last month, Senate Banking Chair Tim Scott, Digital Assets Subcommittee Chair Cynthia Lummis, Senator Thom Tillis, and Senator Bill Hagerty put out principles for a comprehensive digital assets framework.
This testimony isn't just important for Ripple and XRP – it could shape how the entire crypto industry gets regulated in the U.S.
Peter Smith
