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Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate Banking Committee on July 9, 2025, emphasizing the urgent need for clear crypto market structure legislation.
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This hearing represents a pivotal moment as U.S. lawmakers seek to establish a regulatory framework that balances innovation with consumer protection in the rapidly evolving digital asset space.
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According to COINOTAG, Garlinghouse highlighted that “constructive crypto market structure legislation in the US is imperative in bringing about a new era of innovation and financial opportunity, while protecting consumers.”
Ripple CEO Brad Garlinghouse to testify on July 9, 2025, urging U.S. Senate for crypto market structure legislation amid evolving regulatory landscape.
Ripple’s Regulatory Journey and the Push for Crypto Market Structure Legislation
Brad Garlinghouse’s upcoming testimony comes at a critical juncture for Ripple Labs, which has recently navigated significant regulatory milestones. Notably, a U.S. judge ruled that XRP is not a security, a decision that has major implications for the broader crypto industry. Ripple’s withdrawal of its appeal against the court’s permanent injunction on institutional XRP sales signals a strategic pivot towards regulatory clarity and compliance.
Since its inception, Ripple has engaged with multiple U.S. regulatory bodies, including the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Crimes Enforcement Network (FinCEN), and the Financial Stability Oversight Council (FSOC). The protracted SEC lawsuit, initiated in December 2020, has been a defining challenge, underscoring the complexities of crypto regulation in the United States.
Garlinghouse’s leadership and Ripple’s proactive regulatory engagement position them as influential voices in shaping future legislation. The Senate Banking Committee’s Subcommittee on Digital Assets aims to leverage insights from industry leaders like Garlinghouse to craft balanced policies that foster innovation while safeguarding market integrity.
Legislative Momentum: Senate Banking Committee’s Approach to Digital Asset Regulation
The July 9 hearing aligns with recent legislative efforts spearheaded by Senate Banking Chair Tim Scott and Subcommittee Chair Cynthia Lummis, alongside Senators Thom Tillis and Bill Hagerty. Their published principles advocate for a comprehensive market structure framework that addresses the unique challenges of digital assets.