- Brad Garlinghouse to testify on crypto market structure.
- XRP experiences price increase ahead of the hearing.
- Potential for significant regulatory impacts on crypto markets.
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.
About the author
DeAgentAI Launches Sui Chain Prediction Contest
DeAgentAI's Sui Chain prediction competition enhances engagement in the cryptocurrency landscape with a 100,000 USDT prize pool.
Grayscale Adjusts Fund: Adds Ondo, Hedera, Removes Polkadot
Grayscale Investments announces changes to its DeFi and Smart Contract Funds with new additions and removals.
Bit Digital Shifts All Holdings to Ethereum
Bit Digital sells its Bitcoin for Ethereum, now holding $254.8 million worth.
DigitalX Secures A$20.7 Million for Bitcoin Expansion
DigitalX Limited has secured A$20.7 million in strategic investment to expand its Bitcoin reserves, with key investors including Animoca Brands, UTXO Management, and ParaFi Capital.
BTC Price Breaks $108K Amid Market Liquidations
BTC reached a significant milestone surpassing the $108,000 mark, resulting in market shifts and responses from industry experts.
Changpeng Zhao Questions TON Foundation’s UAE Visa Claims
TON Foundation criticized over UAE Golden Visa claims by Binance's Zhao, causing Toncoin fluctuations.
Related
DeAgentAI Launches Sui Chain Prediction Contest
DeAgentAI's Sui Chain prediction competition enhances engagement in the cryptocurrency landscape with a 100,000 USDT prize pool.
Grayscale Adjusts Fund: Adds Ondo, Hedera, Removes Polkadot
Grayscale Investments announces changes to its DeFi and Smart Contract Funds with new additions and removals.
Bit Digital Shifts All Holdings to Ethereum
Bit Digital sells its Bitcoin for Ethereum, now holding $254.8 million worth.
DigitalX Secures A$20.7 Million for Bitcoin Expansion
DigitalX Limited has secured A$20.7 million in strategic investment to expand its Bitcoin reserves, with key investors including Animoca Brands, UTXO Management, and ParaFi Capital.
BTC Price Breaks $108K Amid Market Liquidations
BTC reached a significant milestone surpassing the $108,000 mark, resulting in market shifts and responses from industry experts.
Changpeng Zhao Questions TON Foundation’s UAE Visa Claims
TON Foundation criticized over UAE Golden Visa claims by Binance's Zhao, causing Toncoin fluctuations.
Be the first to leave a comment