Ripple CEO dey beg Senate make dem define crypto law for XRP
On July 9, 2025, Ripple CEO Brad Garlinghouse tok before di U.S. Senate Banking Committee for one hearing wey dem title “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” E beg di lawmakers make dem put law wey go regulate crypto well well, and call make dem pass di CLARITY Act and GENIUS Act to fix di matter of who dey control digital assets like XRP, di SEC or di CFTC. Garlinghouse talk about how fast and scalable di XRP Ledger dey do cross-border payment and e yarn say di SEC way dey use enforcement dey make talent and money waka go abroad. E use di case wey Ripple win for SEC lawsuit take show say if law clear for crypto, e go make innovation, big company adoption, DeFi join in, plus e go fit open road for one XRP ETF. Na so XRP price come jomp joy, break one kin long time wey dem dey call descending triangle, come reach $2.20 and trade for $2.29 (+4.4% for di week), cos traders believe say dis testimony go make market adopt XRP more.
Bullish
Garlinghouse Senate testimony na e be bullish catalyst for XRP. For short term, im call for clear crypto regulation trigger technical breakout above descending triangle, e boost market sentiment and make XRP price reach $2.29. For long term, if dem pass CLARITY and GENIUS Acts, e go resolve jurisdiction wahala, pull institutional investors, allow DeFi integration, plus clear way for XRP ETF. Regulatory clarity dey reduce compliance risks, boost liquidity, and support steady adoption, wey go strengthen upward movement for XRP.