Ripple CEO Testifies at Senate Banking Committee

Brad Garlinghouse, CEO of Ripple, is set to testify at the Senate Banking Committee hearing titled “From Wall Street to Web3” on July 9, 2025, in Washington, D.C.

The hearing could influence digital asset markets, as XRP already shows increased trading activity and price movements.

Brad Garlinghouse will present the need for crypto market structure legislation. Other participants include Senators Tim Scott and Cynthia Lummis. The session aims to cover crypto regulations.

“I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation. Constructive crypto market structure legislation in the US is imperative in bringing about a new era of innovation and financial opportunity, while protecting consumers.” — Brad Garlinghouse, CEO, Ripple

XRP token has risen by 1.9% on confirmation of the event. Legislators will discuss the GENIUS stablecoin bill and the CLARITY digital asset market bill.

Market optimism is notable with price spikes in XRP. Passing legislation may streamline crypto market operations and create stability.

Previous high-profile testimonies have often led to market volatility and regulatory shifts. Insights point toward possible reforms benefitting institutional players.

Lawmakers focus on defining the regulatory framework . Past events suggest short-term price swings and long-term implications for the digital asset space.