Ripple CEO Brad Garlinghouse Set to Testify Before U.S. Senate Banking Committee

Buckle up, crypto fans! Ripple's fearless leader, Brad Garlinghouse, is gearing up to face the heat at the U.S. Senate Banking Committee on Wednesday, July 9, 2025. This isn't just any meeting; it's a showdown that could shape the future of crypto in America.

The Senate Banking Committee is rolling out the red carpet for its crypto market structure hearing, and Garlinghouse is stoked to be in the spotlight. "I'm honored to be invited," he says, ready to dive into the fray.

He won't be flying solo. Garlinghouse will be rubbing elbows with other top industry bigwigs, all while navigating the choppy waters of the U.S. regulatory landscape. The hearing is set to be a blockbuster, courtesy of the Banking Committee's Subcommittee for Digital Assets.

"It's time to get real about crypto market structure legislation," Garlinghouse declares. "We need it now to spark a new era of innovation and financial opportunity, all while keeping consumers safe."

Ripple and the U.S. Regulatory Rollercoaster

Garlinghouse's testimony comes at a pivotal moment for Ripple, the powerhouse behind XRP, RLUSD, and the XRP Ledger. They're finally looking to put a long, grueling legal battle behind them. Remember when a U.S. judge dropped the bomb and declared XRP not a security? Yeah, that was huge.

But the drama didn't stop there. Ripple Labs recently pulled the plug on its appeal against the court's permanent injunction on institutional XRP sales. The court had already thrown out their motion for an indicative ruling, filed hand-in-hand with the U.S. Securities and Exchange Commission.

These are just the latest twists in Ripple's wild ride with U.S. regulators, a saga that kicked off way back in 2013.

Ripple's dance card with U.S. watchdogs is packed, featuring the SEC, the Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the Financial Stability Oversight Council. The SEC threw down the gauntlet in December 2020, suing Ripple and its top brass in a legal battle that dragged on for nearly half a decade.

With his deep ties to Ripple and the broader digital assets world, Garlinghouse is a heavyweight in this ring, ready to throw down at the hearing.

Just last month, Senate Banking Chair Tim Scott, Subcommittee on Digital Assets Chair Cynthia Lummis, and Senators Thom Tillis and Bill Hagerty dropped a bombshell set of principles aimed at building a rock-solid market structure framework. The hearings are set to follow these game-changing principles as lawmakers go head-to-head with Garlinghouse and other industry titans.

"We're not messing around with digital assets regulation anymore," Scott asserts. "We've been delivering results for the industry and the American people, but we've got more work to do. I'm fired up to keep the momentum going with the GENIUS Act and push forward on market structure legislation right here in the Senate."