Ripple CEO Brad Garlinghouse says the US Senate Banking Committee is inviting him to testify this Wednesday on the necessity for passing crypto market construction laws. In a publish to X (previously Twitter), Garlinghouse thanked the committee’s chairman and South Carolina senator Tim Scott, Wyoming senator Cynthia Lummis, and Arizona senator Ruben Gallego for the invitation.
“Constructive crypto market construction laws within the US is crucial in bringing a few new period of innovation and monetary alternative whereas defending customers,” Garlinghouse wrote on Monday.
Cryptocurrency has been on the radar of a number of authorities establishments and committees in 2025. With Trump’s administration maintaining its promise to be “crypto-friendly,” the trade has seen far more lenient regulation. The U.S. Senate Banking Committee has scheduled a listening to on July 9 to debate proposed laws aimed toward clarifying regulatory definitions within the crypto market. A number of pro-crypto voices are anticipated to be in attendance, and the Ripple CEO might be probably the most vital. Different witnesses anticipated to talk embrace Summer time Mersinger of the Blockchain Affiliation, Jonathan Levin of Chainalysis, and Dan Robinson of Paradigm.
The worth of Ripple’s native XRP token may see a slight tick upwards following Garlinghouse’s announcement and testimony on Wednesday. The asset is already up 1.9% right this moment and over 4% up to now week. Buyers within the XRP and crypto group are largely bullish on the altcoin and are eying the following push to $2.50.
