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U.S. Senate Invites Ripple CEO to Testify on Crypto Policy — Key Moment for XRP

  • Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate Banking Committee on July 9 to discuss proposed crypto legislation.
  • The hearing, led by Senator Tim Scott and featuring other industry leaders, will focus on bills like the GENIUS ACT and the CLARITY Act that aim to bring clarity to the regulation of digital assets.
  • Ripple has been making moves to legitimize itself in the U.S. financial system by applying for a national bank charter and a master account with the Federal Reserve.
  • Garlinghouse's testimony is expected to address the need for a clear regulatory framework, particularly concerning Ripple's XRP, amid ongoing legal battles and regulatory uncertainties.

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