Peter Smith
Ripple CEO Brad Garlinghouse addressed the U.S. Senate Committee on Banking, Housing, and Urban Affairs on July 9, 2025, during a key session titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” His remarks underscored Ripple’s mission and XRP’s role in the evolving global financial system.
Ripple Pushes for Regulatory Clarity in U.S. Markets
During his testimony, Garlinghouse emphasized the need for clear and consistent regulation for digital assets. He outlined Ripple’s proactive work with policymakers and regulatory bodies, pointing to the company’s compliance-first approach and collaboration with over 60 payment providers globally.
Ripple, operating with nearly 900 employees in 15 offices worldwide, has long positioned itself as a bridge between traditional finance and blockchain. Garlinghouse stressed that Ripple’s technology is already trusted by banks seeking to reduce friction and cost in cross-border payments.
XRP Ledger Positioned as a Scalable Solution for Global Finance
A central part of Garlinghouse’s testimony was the XRP Ledger (XRPL) — a decentralized, open-source blockchain. He described it as “battle-tested” and capable of handling fast, low-cost, and highly scalable transactions. XRP, the native digital asset of XRPL, continues to play a vital role in facilitating payments, digital custody, and stablecoins.
While XRP's price was not mentioned directly in the testimony, the emphasis on its utility, performance, and real-world adoption signals confidence in the asset’s long-term position in global finance.
Peter Smith
