Ripple CEO Live at U.S. Senate: “XRP Is Not in Itself a Security”

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.