Ripple CEO Releases XRP Bombshell He Prepares for Today’s Senate Hearing
2025-07-09 06:56:04
Main Idea
Ripple CEO Brad Garlinghouse prepares to testify before the U.S. Senate Committee, advocating for clear crypto regulations and highlighting XRP Ledger's capabilities.
Key Points
1. Ripple CEO Brad Garlinghouse will testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, emphasizing Ripple's mission to enable the 'Internet of Value'.
2. Garlinghouse highlights the XRP Ledger's capabilities, describing it as a decentralized, fast, low-cost, and scalable blockchain for payments.
3. He references Ripple's legal victory against the SEC, which ruled that XRP is not inherently a security, and calls for clearer regulatory frameworks.
4. Garlinghouse urges immediate legislative action, such as the GENIUS Act, to define regulatory boundaries and foster innovation in the U.S. crypto market.
5. He advocates for the U.S. to become a global leader in crypto by establishing clear rules, supporting a $3.4 trillion market.
Description
Ripple CEO Brad Garlinghouse has released the testimony he intends to deliver before the U.S. Senate Committee on Banking, Housing, and Urban Affairs later today. As the head of one of the world’s most prominent blockchain firms, Garlinghouse’s remarks address the ongoing challenges of regulatory ambiguity in the digital asset sector. Garlinghouse’s Testimony: XRP Ledger’s Capability Garlinghouse opens by reminding the Committee of Ripple’s founding mission: to enable the Internet of Value , whe...
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