The CEO of Ripple, Brad Garlinghouse, is to testify before the US Senate Banking Commission on July 9, 2025 during a dissertation focused on the future of digital asset markets.
The session entitled “From Wall Street to Web3: Building Jutour’s Digital Asset Markets” The session will deal with the regulatory environment surrounding cryptocurrencies, with particular emphasis on the proposed provisions, such as the Genius Act and the Clear Act.
Ripple CEO moves regulatory challenges
According to everyday ancient man reportGarlinghouse will be accompanied by significant figures from the industry, including Summer Mersinger, and Blockchain Association; Jonathan Levin, CEO chainalysis; and Dan Robinson, a Paradigmist general partner.
The trial will be run by the chairman of the Senate Banking Committee Tim Scott, and the senators of the pro-digit Cynthia Lummis and the legislator of Ruben Gallo supervising the digital asset subcommittee.
In the last statement, Garlinghouse emphasized the need for a brilliant regulatory framework of cryptocurrencies in the United States. He claimed that the constructive legislation is of key importance for supporting innovation and ensuring consumer protection while promoting financial capabilities in the sector.
These testimonies are in line with a significant Ripple legal event, especially the rulings in July 2023 by the American District Court, which determined that the XRP, the related Ripple token, is not classified as security when it is sold to the general public, although it can be treated as such in some institutional scenarios.
XRP case and up-to-date regulations Stablecoin
On June 26, 2025, Judge Analisa Torres confirmed this decision, rejecting the proposed settlement agreement between Ripple and the securities and the stock exchange (SEC), maintaining that XRP is not a security in most contexts.
To the noteworthy change of ripple labs announced Intends to withdraw from the appeal between the sale of XRP tokens. Garlinghouse shared this decision on the Social Media Platform X (previously Twitter), indicating that both Ripple and SEC should abandon their appeals.
This movement signals a potential solution to the prolonged dispute, which lasted several years, enabling ripple to focus on its basic mission again: building “internet values”.
By withdrawing the cross, Ripple intends to speed up the application for a long legal battle that has come over the company and a wider cryptocurrency landscape.
In legislative development, Genius ActWhich means conducting and establishing national innovations for American Stablecouins, was adopted by the Senate on June 17, 2025, along with a bilateral voice 68-30.
It is the regulations that can be beneficial for Ripple, especially for his RLUSD Stablecoin, because it aims to create regulatory framework for stablecoin, which authorizes issuers to maintain equivalent reserves and comply with specific operational standards.
The Act is now awaiting consideration in the House of Representatives, which further indicates a significant change in the regulatory approach to digital assets in the USA.
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