XRP Holders With High Expectations As Ripple CEO Garlinghouse Set To Testify Before US Senate Banking Committee

Key Points

1. Brad Garlinghouse confirmed his invitation to testify before the U.S. Senate Banking Committee on July 9, discussing crypto legislation and market structure.

2. The hearing will address key bills like the U.S. Stablecoins (GENIUS) Act and the Clarity Act, signaling progress in crypto regulation.

3. Garlinghouse emphasized the need for constructive crypto market regulation and thanked key senators for their leadership in digital asset policy.

4. The SEC has shown a more collaborative stance recently, coinciding with Ripple's nearing resolution of its long-standing legal case over XRP's security status.

5. A U.S. District Court recently rejected a joint bid to reduce Ripple's $125 million penalty, indicating the case may soon conclude.