Ripple CEO to Testify Before Senate on July 9 2025

Ripple's Chief Legal Officer, Stuart Alderoty, has brought attention to the practical applications of cryptocurrency in the daily lives of ordinary Americans. He referenced a video from the National Cryptocurrency Association to illustrate how digital assets are used to address real financial challenges. This comes as Ripple prepares for a significant Senate testimony, aiming to counter misconceptions about cryptocurrency users and advocate for clearer policy frameworks.

Ripple's CEO, Brad Garlinghouse, is set to testify before the Senate Banking Committee on July 9, 2025. Both Alderoty and Garlinghouse emphasize the importance of clear policy guidelines as lawmakers consider legislation on the digital asset market structure. The National Cryptocurrency Association's efforts highlight the legitimate use cases of cryptocurrency, demonstrating its role in addressing financial challenges for everyday users.

Garlinghouse introduced the 55 million Americans who own and utilize cryptocurrency, pushing back against common stereotypes that inaccurately portray digital asset holders. He emphasized the diversity of cryptocurrency users and their real-world applications, calling on lawmakers to establish explicit regulatory guidelines that protect consumers while fostering innovation.

Garlinghouse outlined three core priorities for congressional action. These include setting clear jurisdictional boundaries among financial regulators, establishing pathways for companies to operate in the U.S. without compromising protections, and ensuring American leadership in digital assets and blockchain technologies. He also referred to the court’s ruling that XRP is not a security, which set a legal precedent following Ripple’s lawsuit against the SEC in 2020. This decision leaves the door open for other market players to resist regulatory overreach.

Ripple’s compliance-driven strategy was highlighted, with the company holding over 60 payment services, cryptocurrency, and money transmitter licenses in global and local jurisdictions. This proactive engagement with regulatory frameworks contrasts with companies that attempt to operate outside established norms. Garlinghouse argued that critics inappropriately characterize the diverse world of consumers who use digital assets for legitimate financial purposes, advocating for a market structure policy that would release efficiencies in financial transactions without harming consumers and businesses.

Ripple’s mission is to enable “the Internet of Value,” where value moves as freely as information does today. Ripple’s platforms enable cross-border payments, stablecoins, and digital custody for financial institutions, reducing friction and enhancing the customer experience. Garlinghouse positioned the United States as uniquely equipped to lead the digital asset space, citing its deep capital markets, strong technical talent, and culture of innovation. He argued that there is no reason for America to cede leadership in this emerging frontier.