{"id":35701,"date":"2025-07-08T11:46:31","date_gmt":"2025-07-08T11:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35701"},"modified":"2025-07-08T11:46:31","modified_gmt":"2025-07-08T11:46:31","slug":"ripple-ceo-brad-garlinghouse-set-to-testify-before-us-senate","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35701","title":{"rendered":"Ripple CEO Brad Garlinghouse Set To Testify Before US Senate"},"content":{"rendered":"
\n

Ripple CEO Brad Garlinghouse is set to testify before the US Senate Banking Committee on July 9, 2025, during a hearing focused on the future of digital asset markets.\u00a0<\/p>\n

Titled \u201cFrom Wall Street to Web3: Building Tomorrow\u2019s Digital Asset Markets,\u201d the session will reportedly address the regulatory environment surrounding cryptocurrencies, with particular emphasis on proposed legislation like the GENIUS Act and the CLARITY Act.<\/p>\n

Ripple CEO Tackles Regulatory Challenges<\/h2>\n

According to a DailyStar report<\/a>, Garlinghouse will be accompanied by notable figures from the industry, including Summer Mersinger, CEO of the Blockchain Association; Jonathan Levin, CEO of Chainalysis; and Dan Robinson, General Partner at Paradigm.\u00a0<\/p>\n

The hearing will be led by Senate Banking Committee Chairman Tim Scott, with pro-crypto Senators Cynthia Lummis, and lawmaker Ruben Gallego overseeing the Subcommittee on Digital Assets.<\/p>\n

In a recent statement, Garlinghouse underscored the necessity of a clear regulatory framework for cryptocurrencies in the United States. He asserted that constructive legislation <\/a>is crucial for fostering innovation and ensuring consumer protection while promoting financial opportunities within the sector.\u00a0<\/p>\n

This testimony follows significant legal developments for Ripple, especially a ruling in July 2023 by a US District Court, which determined that XRP, Ripple\u2019s associated token, is not classified as a security when sold to the general public, although it may be treated as such in certain institutional scenarios.<\/p>\n

XRP Case And New Stablecoin Regulations<\/h2>\n

On June 26, 2025, Judge Analisa Torres reaffirmed this ruling by rejecting a proposed settlement agreement between Ripple and the Securities and Exchange Commission (SEC), maintaining that XRP is not a security in most contexts.\u00a0<\/p>\n

In a notable shift, Ripple Labs announced <\/a>its intention to withdraw its cross appeal regarding the sale of XRP tokens. Garlinghouse shared this decision on social media platform X (formerly Twitter), indicating that both Ripple and the SEC are expected to abandon their respective appeals.\u00a0<\/p>\n

This move signals a potential resolution to a protracted dispute that has lasted several years, allowing Ripple to refocus on its primary mission: building the \u201cInternet of Value.\u201d<\/p>\n

By withdrawing the cross appeal, Ripple aims to expedite the conclusion of its lengthy legal battle, which has loomed over the company and the broader cryptocurrency landscape.<\/p>\n

In legislative developments, the GENIUS Act<\/a>, which stands for Guiding and Establishing National Innovation for US Stablecoins, was passed by the Senate on June 17, 2025, with a bipartisan vote of 68-30.\u00a0<\/p>\n

This legislation could be beneficial for Ripple, particularly for its RLUSD stablecoin, as it seeks to create a regulatory framework for stablecoins that mandates issuers to maintain equivalent reserves and comply with specific operational standards.\u00a0<\/p>\n

The bill is now awaiting consideration in the House of Representatives, further indicating a significant shift in the regulatory approach to digital assets in the US.<\/p>\n

\"Ripple\"<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple CEO Brad Garlinghouse is set to testify before the US Senate Banking Committee on July 9, 2025, during a hearing focused on the future of digital asset markets.\u00a0 Titled \u201cFrom Wall Street to Web3: Building Tomorrow\u2019s Digital Asset Markets,\u201d the session will reportedly address the regulatory environment surrounding cryptocurrencies, with particular emphasis on proposed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35701","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35701"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35701\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}