Ripple CEO Brad Garlinghouse and Former Officials to Testify in Senate on Crypto Market Regulation

Ripple CEO Brad Garlinghouse, along with top crypto and finance leaders, will speak to the U.S. Senate Banking Committee about how to regulate digital assets.

Ripple CEO to Speak in Senate as U.S. Plans Crypto Legislation

Ripple CEO Brad Garlinghouse will be appearing before the U.S. Senate Banking Committee alongside key figures from the digital asset industry.

The hearing comes at a critical moment for U.S. crypto policy. Just days ago, the Senate approved a bill on stablecoin regulation, and the Republicans in the House announced plans to review three major crypto-related bills starting  as part of a so-called “Crypto Week.”

As Congress looks at bigger changes to how digital assets are regulated, this hearing offers one of the first insights into how the Senate might shape new crypto laws, with some lawmakers aiming to pass a bill by OctoberSome lawmakers.

In her prepared testimony, Mersinger framed the moment as pivotal: “The choice before us is not whether to regulate this industry, but how.”

The House plans to review three key crypto bills: the CLARITY Act, which covers digital asset markets; the GENIUS Act, which focuses on stablecoin innovation; and another proposal to block the creation of a U.S. central bank digital currency (CBDC). Together, these bills show increasing political momentum to shape the future of crypto in the U.S.

The XRP price made a slight jump on this news trading at $2.32 in the past 24 hours with a 3% pump in the market capitalization to $137 billion.

Trump’s Crypto Ties Stir Concern

Ripple CEO Brad Garlinghouse will speak before U.S. lawmakers at a key moment for crypto regulation. It’s one of his first direct appearances in Congress and shows Ripple’s growing role in Washington.

Ripple has drawn attention before for donating $5 million in XRP to President Trump’s inaugural fund, and Garlinghouse joined a White House crypto meeting in March.

Also speaking at the hearing is Richard Painter, a former White House ethics lawyer, leading to speculation that lawmakers may ask about Trump’s ties to crypto. The president launched his own memecoin this year and is linked to World Liberty Financial, the group behind the USD1 stablecoin.

These connections have already impacted support for the GENIUS Act. In May, some Democrats briefly pulled back because of concerns over Trump’s involvement, though the bill still passed.