<\/span><\/h2>\nOn June 26, 2025, Judge Analisa Torres reiterated this ruling by dismissing a proposed settlement agreement between Ripple and the Securities and Exchange Commission (SEC), reinforcing that XRP is generally not a security.<\/p>\n
In a surprising turn of events, Ripple Labs plans to withdraw its cross-appeal concerning the sale of XRP tokens. Garlinghouse announced this decision on the social media platform X (formerly Twitter), suggesting that both Ripple and the SEC are likely to drop their respective appeals.<\/p>\n
This decision could pave the way for a resolution to a lengthy legal battle, enabling Ripple to concentrate on its core objective: developing the \u201cInternet of Value.\u201d<\/p>\n
By stepping back from the cross-appeal, Ripple aims to hasten the conclusion of its protracted legal challenges, which have overshadowed the company and the overall cryptocurrency market.<\/p>\n
On the legislative front, the GENIUS Act \u2014 which stands for Guiding and Establishing National Innovation for US Stablecoins \u2014 successfully passed the Senate on June 17, 2025, with a strong bipartisan vote of 68-30.<\/p>\n
This legislation has the potential to benefit Ripple, particularly its RLUSD stablecoin, as it aims to establish a regulatory framework for stablecoins that requires issuers to hold equivalent reserves and adhere to defined operational guidelines.<\/p>\n
The bill is now moving to the House of Representatives for further consideration, marking a significant shift in regulatory attitudes toward digital assets in the United States.<\/p>\n
<\/p>\n
Image sourced from DALL-E; chart data provided by TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
In an anticipated move, Ripple\u2019s CEO, Brad Garlinghouse, is scheduled to address the US Senate Banking Committee on July 9, 2025. This hearing will delve into the evolving landscape of digital asset markets. The session, entitled \u201cFrom Wall Street to Web3: Building Tomorrow\u2019s Digital Asset Markets,\u201d aims to tackle the current state of cryptocurrency regulations. […]<\/p>\n","protected":false},"author":14,"featured_media":38467,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Ripple's CEO to Testify Before Senate: What You Need to Know - Bitrabo","description":"In an anticipated move, Ripple\u2019s CEO, Brad Garlinghouse, is scheduled to address the US Senate Banking Committee on July 9, 2025. This hearing will delve into t"},"footnotes":""},"categories":[316],"tags":[1784,576,1785,575,2221,1006,8611],"class_list":["post-38466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-brad","tag-ceo","tag-garlinghouse","tag-ripple","tag-senate","tag-set","tag-testify"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/38466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=38466"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/38466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/38467"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=38466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=38466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=38466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}