Ripple CEO Brad Garlinghouse appeared before the U.S. Senate Banking Committee with a clear message: the United States urgently needs well-defined and sensible regulations for digital assets. In his written testimony, released prior to the July 9 hearing, Garlinghouse highlighted Ripple’s landmark legal victory against the U.S. Securities and Exchange Commission (SEC) as a game-changer that could reshape the future of crypto in America.

XRP Lawsuit Victory: A Turning Point for U.S. Crypto

Garlinghouse reflected on the lawsuit filed in 2020, in which the SEC argued that XRP was an unregistered security. After four years of litigation, the court ruled that XRP itself is not a security—a decision that not only cleared Ripple’s name but also set a vital legal precedent for the broader crypto industry.

"Ripple was the first major U.S. crypto company sued by the SEC. We knew that a loss would spell the end for the industry in this country. Thankfully, we fought hard and won, setting a new legal standard," said Garlinghouse.

The CLARITY Act and the Call for Clear Rules

In his testimony, Garlinghouse urged lawmakers to pass the long-discussed CLARITY Act—a proposed law that would establish a clear regulatory framework for the crypto space. He emphasized that the U.S. has all the necessary tools to become a global leader in blockchain and digital finance.

"There’s no reason why the U.S. shouldn’t be the undisputed leader in digital assets and blockchain innovation," he stated.

Over 55 Million Americans Use Crypto

According to Garlinghouse, more than 55 million Americans are active participants in the crypto economy. Together, they contribute to a global market cap that currently exceeds $3.4 trillion. With proper regulations, the U.S. can drive further growth, protect consumers, and boost its competitive edge on the world stage.

Garlinghouse Set to Help Shape Crypto Legislation

Garlinghouse is expected to play a key role in shaping the final version of the CLARITY Act. His invitation to testify reflects the growing institutional interest in Ripple, especially after the company recently applied for a banking license in the U.S.

He also noted that under the current administration, the regulatory atmosphere has become more favorable, particularly following the resolution of the XRP case shortly after Trump’s inauguration.

First Direct Clash with Crypto Critic Elizabeth Warren

The Senate hearing also marked the first public exchange between Garlinghouse and Democratic Senator Elizabeth Warren—one of crypto’s most vocal critics in Congress. The debate may offer clues about the direction U.S. crypto policy could take in the coming months.

What’s Next?

The lawsuit may be over, but the future of XRP—and the broader U.S. crypto market—hinges on whether Congress can pass clear, forward-looking legislation. With its legal battle behind it, Ripple is positioning itself as a major force shaping the next chapter of America’s crypto policy.



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