Something Big Is Coming For XRP On July 9—Here’s Why It Matters
Main Idea
Ripple CEO Brad Garlinghouse will testify before the US Senate Banking Committee on July 9 regarding digital asset markets, amid expectations of regulatory clarity for XRP and potential legislative developments.
Key Points
1. The US Senate Banking Committee will hold a hearing titled 'From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets' on July 9, featuring Ripple CEO Brad Garlinghouse and other industry leaders.
2. Garlinghouse enters the hearing with momentum after Ripple's legal victory against the SEC, which may influence the SEC's decision to drop its appeal.
3. Congress is considering legislative clarity for digital assets, including the FIT21 Act and the Digital Asset Market CLARITY Act of 2025, which could define decentralized tokens as commodities.
4. The hearing may impact XRP's regulatory status and market performance, with the token recently breaking above $2.28 amid news of Ripple pursuing a US bank charter.
5. Analysts and industry leaders emphasize the need for clear, comprehensive digital asset regulation to avoid stifling innovation and to provide market certainty.
Description
Two days from now, the US Senate Banking, Housing, and Urban Affairs Committee will give the XRP army its most closely watched stage since the lawsuit between Ripple and the US Securities and Exchange Commission began. At 10 a.m. ET on Wednesday, July 9, the panel will convene in Dirksen 538 for a hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” The session will be webcast live and—crucially for XRP holders—will feature Ripple Chief Executive Brad Garlinghous...
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