Crypto Watch Ripple CEO Teases Major XRP Upgrade Before Senate Hearing

• Garlinghouse has criticized the U.S. over ten years’ unclear crypto legislation that drove growth overseas.
• The President warned that if Congress does not act quickly, the United States will fall behind other countries in blockchain technology.

Ripple CEO Brad Garlinghouse released The testimony was submitted on the 9th of July, ahead of an appearance before U.S. Senate Committee on Banking, Housing, and Urban Affairs. In the statement, the focus was on the regulatory uncertainty that has existed in the United States for many years surrounding digital assets.

You can also read about the advantages of using XRP Trading at $2.32 With a 2.95% The timing of the testimonies added fuel to the rise in the token.

Garlinghouse criticized the Senate for what he called a lack of clarity in regulatory matters that has lasted ten years. The gap in regulatory clarity, according to Garlinghouse, is the reason for innovation, investments, and job losses. 

He wrote that he had seen how Ripple’s lack of rules could be used to attack good actors. 

He said that this has led to a weakening of American oversight, and an increased exposure of consumers to potentially dangerous environments.

The CEO reminded lawmakers of Ripple’s early mission—to create an “Internet of Value,” Ripple is a global network that allows money to move just as quickly as information. Ripple, he said, is the global use and reach of Ripple. XRP Ledger Facilitate fast and low-cost payments across borders.

Garlinghouse underlined XRP’s technical strength by calling it a “battle-tested open-source blockchain” Scalability and performance are key features.

Here is my complete testimony at the hearing: https://t.co/NHTh8wKQMc

— Brad Garlinghouse (@bgarlinghouse) July 8, 2025

Ripple’s Legal Win — Still No Clear Path for Crypto

Garlinghouse referred to Ripple’s case before the U.S. Securities and Exchange Commission. In 2020, the SEC brought an enforcement case against Ripple, alleging XRP as an unregistered securities. Ripple was able to turn the tide after the court ruled in its favor. “We prevailed,” He said, underscoring that the ruling should have stopped further overreaching of regulatory authority.

Ripple holds more than 60 licenses in the U.S. According to him, however, unclear and fragmented roles and policies between agencies are continuing to be harmful for both developers and investors. It is this lack of organization that not only hurts industry players locally, but also threatens to undermine the nation’s leadership in an ever-evolving global market.

Garlinghouse urged Congress to adopt structured legislation like the GENIUS Act that recently passed a hurdle. He thinks such legislation will create clear lines of responsibility. promote innovationYou can still protect consumers.

“He called” “clear jurisdictional boundaries for regulators” There is a clear path to legal operation of digital assets in the U.S.

Garlinghouse says 55 million Americans are already using Crypto.

Garlinghouse also tried to alter the public’s perception in his statement. He referred to a video that showed real American stories about Americans who initially were doubtful. crypto But eventually I embraced the idea. It is his mission to break down stereotypes about crypto and provide clarification to the over 55,000,000 Americans that are already involved in it.

Garlinghouse, in closing his remarks, argued that an improved legal framework would bring new efficiency to the financial system. This could benefit both individual and business users, he believes. “There is no reason we should not be the undisputed leader in digital assets and blockchain,” “I support the notion that global leadership will be built on legislation,” he stated.

XRP’s bullish movement was re-ignited as soon as the remarks were made public. The previous analysis was conducted. CNF reported This $2.40 zone is an important resistance area. If a breakout is confirmed, XRP could be pushed to $2.75 and even $3.

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