Ripple CEO Brad Garlinghouse Set To Testify Before US Senate

Key Points

1. Ripple CEO Brad Garlinghouse is scheduled to testify before the US Senate Banking Committee on July 9, 2025, during a hearing titled 'From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.'

2. The hearing will focus on the GENIUS Act and the CLARITY Act, with industry leaders like Summer Mersinger (Blockchain Association), Jonathan Levin (Chainalysis), and Dan Robinson (General) also participating.

3. A US District Court ruling in July 2023 determined that XRP is not a security in most contexts, a decision reaffirmed by Judge Analisa Torres on June 26, 2025.

4. The GENIUS Act, passed by the Senate on June 17, 2025, with a bipartisan vote of 68-30, aims to establish guidelines for US stablecoins and could benefit Ripple's RLUSD stablecoin.

5. Ripple aims to expedite the conclusion of its legal battles and refocus on its mission of building the 'Internet of Value,' including withdrawing a cross appeal related to its case with the SEC.