Ripple’s CEO, Brad Garlinghouse, is slated to appear before the U.S. Senate Banking Committee on July 9, 2025, to advocate for clearer and more comprehensive cryptocurrency regulations. The hearing, titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” will focus on advancing legislative frameworks such as the GENIUS Act and the CLARITY Act, which aim to modernize the regulatory landscape for digital assets in the United States.
Garlinghouse, a leading voice in the crypto industry, will join other prominent figures including the CEOs of the Blockchain Association and Chainalysis. He is expected to emphasize the urgent need for regulatory clarity to foster innovation, protect consumers, and prevent the exodus of crypto businesses from the U.S. due to uncertain legal environments.
Highlighting Ripple’s ongoing legal challenges with the Securities and Exchange Commission (SEC) over the classification of its XRP token, Garlinghouse will likely use his testimony to illustrate the pitfalls of the current enforcement-driven approach. He advocates for legislation that distinctly categorizes different types of digital assets, aligning regulatory measures with the evolving nature of blockchain technology.
The hearing is overseen by Senate Banking Committee Chairman Tim Scott and Senators Cynthia Lummis and Ruben Gallego, leaders of the Digital Assets Subcommittee. Their bipartisan efforts aim to establish a clear and constructive regulatory framework that balances innovation with consumer protection.
Garlinghouse described his invitation to testify as an honor and stressed that effective crypto market structure legislation is crucial for ushering in a new era of financial opportunity in the U.S. The outcome of this hearing could significantly influence the future of crypto regulation, potentially accelerating bipartisan cooperation and legislative progress in the digital asset sector.
