Coin WorldThursday, Jul 10, 2025 1:25 am ET

2min read

Ripple CEO Brad Garlinghouse recently addressed a U.S. Senate hearing on crypto regulations, emphasizing the need for clear guidelines in the crypto market. Alongside other industry leaders, Garlinghouse discussed the importance of fair regulations and how they can foster innovation and protect consumers. He highlighted Ripple's use of blockchain technology and its token, XRP, to facilitate fast and cost-effective cross-border payments for banks and businesses.

Garlinghouse also shed light on Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC), which concluded in 2023 with a court ruling in Ripple's favor. He cautioned that the lack of clear regulations has driven crypto companies and jobs out of the U.S., urging lawmakers to address this issue promptly. "For the past decade, legal and regulatory uncertainty around crypto in the U.S. has blocked meaningful progress. At Ripple, we saw firsthand how unclear rules can be weaponized to target good actors. This drives technology, jobs, and tax dollars offshore, reducing oversight and increasing risks for consumers. It’s harmed American businesses, investors, and consumers alike," he stated.

Garlinghouse expressed relief and optimism following the court's decision, which he described as a comprehensive victory. The ruling confirmed that XRP is not a security, clearing the path for other market participants to challenge similar regulatory actions. He also noted that the court found no reasonable expectation of profits from secondary market purchasers based on Ripple's efforts, a significant point in the legal battle.

Following the hearing, Garlinghouse took to social media to thank the Senate Banking Committee for their efforts. He expressed hope that the U.S. could still lead the crypto world with smart, fair laws, despite the challenges faced in recent years. The hearing marked a positive step towards educating lawmakers about the crypto industry and the need for clear regulations.

The court's ruling is expected to have significant implications for the regulatory landscape of digital assets. Legal experts have praised the decision, noting that it sets a precedent for how similar cases will be handled in the future. The ruling is seen as a boost for Ripple's global expansion efforts, as the company continues to seek partnerships and collaborations to enhance its services.

Ripple's recent announcement to partner with BNY Mellon to safeguard the reserves of its stablecoin, RLUSD, further solidifies its position in the market. This move underscores Ripple's commitment to ensuring the security and stability of its digital assets, which is crucial for its ongoing growth and development.

In summary, Ripple's court victory and Garlinghouse's testimony at the Senate hearing highlight the importance of legal clarity and regulatory certainty for the crypto industry. As the industry continues to evolve, the ruling is likely to influence future regulatory decisions and shape the landscape for crypto companies operating in the U.S. The call for clear guidelines comes at a critical time, as regulators and lawmakers seek to balance innovation with consumer protection.