Key Highlights from Ripple CEO's Testimony

Key Points

1. Ripple CEO Brad Garlinghouse urges Congress to establish clear crypto regulations to maintain the U.S.'s leadership in capital markets.

2. Garlinghouse criticizes the lack of regulatory progress in the U.S., which has driven innovation, jobs, and tax revenue offshore.

3. Ripple adopts a 'compliance-first' approach to target good actors in the crypto industry.

4. The SEC's regulatory actions have been described as potentially harmful ('a death knell') to the crypto industry.

5. A hearing involving Garlinghouse is scheduled for July 9, 2025, at 10:15 AM Eastern Time.