Ripple CEO Live at U.S. Senate: “XRP Is Not in Itself a Security”
2025-07-09 16:00:27
Main Idea
Ripple CEO Brad Garlinghouse testified before the U.S. Senate Committee, asserting that XRP is not inherently a security and advocating for clearer crypto regulations to foster industry growth and U.S. competitiveness.
Key Points
1. Brad Garlinghouse stated that 'XRP is not in itself a security' during his testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
2. He highlighted Ripple's use of the XRP Ledger and XRP for fast, low-cost cross-border payments and stablecoins.
3. Garlinghouse criticized the SEC's 'regulation by enforcement' approach and called for legislative action to provide clear jurisdictional boundaries for crypto regulation.
4. He emphasized the need for a regulatory framework that supports innovation, expands financial services access, and strengthens the U.S. economy.
5. Ripple's CEO urged lawmakers to prioritize comprehensive crypto market legislation to enhance U.S. competitiveness in the global crypto space.
Description
Brad Garlinghouse, CEO of Ripple, delivered his testimony this morning before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, firmly stating that “XRP is not in itself a security.” The meeting, which is still live at the time of writing, featured Garlinghouse beginning his remarks at the 24:55-minute mark of the session. He used his five-minute statement to outline Ripple’s position, share the company’s experience with U.S. regulators, and advocate for clear legislative framewo...
Latest News
- Ruvi AI’s (RUVI) Successful Audit and Early Bonuses Spark 13,700% ROI Forecast, Set to Outperform Shiba Inu (SHIB) This Year2025-07-09 21:08:37
- Polymarket Releases XRP’s Chance of Reaching Price All-Time High Before 20262025-07-09 19:06:32
- Will Dogecoin (DOGE) Rally 100x? Analysts Say Ruvi AI’s (RUVI) Audited Token Offers the Best Shot at Those Gains2025-07-09 19:05:52
- Crypto Multi-Millionaire Says XRP Is on the Cusp of a Big Breakout. Here’s Why2025-07-09 18:11:08
- Software Engineer Says XRP Is Rising, but Be Cautious of This Red Flag2025-07-09 17:05:11