Ripple CEO confirms he’ll testify before Senate Banking Committee
2025-07-07 19:23:04
Main Idea
Ripple CEO Brad Garlinghouse will testify before the U.S. Senate Banking Committee on July 9, 2025, regarding crypto market structure legislation, emphasizing the need for innovation and consumer protection.
Key Points
1. Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate Banking Committee on July 9, 2025, at a hearing focused on crypto market structure.
2. Garlinghouse stated that constructive crypto market structure legislation is crucial for fostering innovation and financial opportunity while ensuring consumer protection.
3. Ripple has been involved in a long-standing legal battle, including a lawsuit by the SEC in December 2020, which recently saw Ripple withdraw its appeal of a court's permanent injunction on institutional XRP sales.
4. Ripple has engaged with multiple U.S. regulatory bodies, including the SEC, CFTC, FinCEN, and the Financial Stability Oversight Council, since 2013.
5. Senate Banking Committee members, including Chair Tim Scott and Subcommittee on Digital Assets Chair Cynthia Lummis, have been working on advancing crypto market structure legislation.
Description
Ripple chief executive officer Brad Garlinghouse has confirmed he will testify before the U.S. Senate Banking Committee on Wednesday, July 9, 2025. The Senate Banking Committee will hold its crypto market structure hearing on July 9 and Ripple CEO Brad Garlinghouse says he’s “honored to be invited.” Garlinghouse will testify alongside other top industry figures, with his appearance coming amid notable developments in the U.S. regulatory landscape . The hearing will involve the Banking Committee’...
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