Ripple CEO Advocates for Regulatory Clarity in Crypto Market: XRP’s Future in Focus
In a significant development for the cryptocurrency industry, Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee on July 29, 2025, advocating for clearer regulations in the digital asset space. The hearing, which included various industry stakeholders, primarily focused on the critical distinction between securities and commodities within the crypto market. Garlinghouse highlighted Ripple's global operations and its mission to facilitate seamless cross-border transactions using XRP. This testimony underscores the growing importance of regulatory clarity for the future of cryptocurrencies like XRP, as the industry seeks to balance innovation with compliance. The outcome of such legislative discussions could have far-reaching implications for XRP's adoption and price trajectory in the coming years.
Ripple CEO Testifies Before U.S. Senate on Crypto Market Structure Legislation
Brad Garlinghouse, CEO of Ripple, appeared before the U.S. Senate Banking Committee to advocate for regulatory clarity in the cryptocurrency market. The hearing, which included testimony from other industry stakeholders, focused on distinguishing between securities and commodities in the digital asset space.
Garlinghouse outlined Ripple's global operations, emphasizing its mission to enable seamless cross-border payments. "We build solutions that allow money to MOVE as efficiently as information," he stated, highlighting the company's work with financial institutions to reduce transaction costs and processing times.
The testimony comes at a critical juncture for the industry, as lawmakers grapple with establishing clear guidelines for crypto assets. XRP's classification remains a focal point, with Ripple continuing to push for legislation that recognizes the unique utility of blockchain-based payment systems.
XRP Whales Accumulate 47B Tokens as Price Hits 7-Week High Ahead of ETF Decisions
XRP surged to $2.43, its highest level in seven weeks, as whale wallets holding at least 1 million tokens reached near-record levels. Santiment data reveals 2,742 addresses now control approximately 47.32 billion XRP, signaling strong institutional confidence.
The rally coincides with anticipation of multiple XRP ETF approvals in July, including ProShares' planned launch of three Leveraged futures products on July 14. Market capitalization has climbed to $143.84 billion, cementing XRP's position as the fourth-largest cryptocurrency.
Pro-XRP Lawyer Files Securities Fraud Class Action Against Linqto Founder
John Deaton, a prominent pro-XRP attorney, has initiated a federal securities fraud class action against William Sarris, co-founder and CEO of Linqto Inc. The lawsuit, filed in New York, represents thousands of retail investors who purchased pre-IPO shares of companies like Ripple through Linqto's platform.
The legal action follows Linqto's Chapter 11 bankruptcy filing in Texas, where the company acknowledged failures in complying with private equity sales regulations. Deaton alleges Sarris engaged in a multi-year scheme involving undisclosed markups of up to 60% on pre-IPO shares, significantly inflating costs for investors.
The complaint further accuses Linqto of operating as an unregistered broker-dealer, violating SEC and FINRA requirements. Sarris allegedly employed misleading exemptions and unlicensed sales tactics through special purpose vehicles to distribute private company shares.
Ripple CEO Predicts $2 Trillion Stablecoin Market Amid Institutional Adoption
Ripple CEO Brad Garlinghouse has projected a seismic shift in the stablecoin sector, forecasting growth from $250 billion to $2 trillion within years. Speaking to CNBC, he cited institutional demand and regulatory clarity as catalysts for this 'profound' expansion. The sentiment aligns with U.S. Treasury Secretary Scott Bessent's view that dollar-pegged stablecoins could reinforce the greenback's global dominance.
Ripple's entry into the market with RLUSD, launched in late 2024, comes as a strategic move following years of leveraging third-party stablecoins. The partnership with 240-year-old BNY Mellon as primary custodian signals Wall Street's growing validation of crypto assets. 'This isn't just another crypto partnership,' remarked analyst Paul Barron, highlighting the institutional watershed moment.
XRP Tests $2.46 Barrier After Bullish Run — Watch for Confirmation Above
XRP surged 2.6% during the July 9–10 trading session, peaking at $2.46 before profit-taking trimmed gains. Breakout volume spiked to 78.3 million at 07:00 UTC on July 10, propelling the asset past critical $2.43 resistance. The rally faltered NEAR session close as sellers emerged below the $2.46 threshold, resulting in a 0.73% retreat in the final hour.
Regulatory tailwinds strengthened as Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee, highlighting XRP's compliance across 60 jurisdictions. Institutional holdings reached record levels—2,743 wallets now custody over 1 million XRP each, amassing 47.32 billion tokens. Daily volume jumped 74% to $4.54 billion, reflecting growing market conviction ahead of anticipated policy clarity.
Bitwise CEO Speculates on Ripple's Potential Shift to XRP Treasury Model
Hunter Horsley, CEO of Bitwise Asset Management, has ignited discussions about Ripple's potential transformation into an XRP-focused treasury company within the next year. The speculation arises as institutional interest in XRP-based treasury products gains momentum, with entities like Webus and Trident Digital raising nearly $1 billion for such initiatives.
Ripple currently holds approximately 41% of XRP's total supply—40.92 billion tokens valued at $94 billion—though most are locked in escrow. This vast reserve fuels comparisons to MicroStrategy's Bitcoin-centric strategy, suggesting Ripple could pivot from payments infrastructure to a reserve-driven business model. The company's existing liquidity management framework may already lay the groundwork for this evolution.
