Ripple chief executive Brad Garlinghouse will ask US lawmakers to “put the country on the path to being a global blockchain and crypto leader” when he testifies this morning before the Senate Banking Committee’s hearing on “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” His prepared remarks, obtained in advance, frame the session as a choice between regulatory clarity that keeps innovation onshore and a continuation of regulation-by-enforcement” that drives talent abroad.
Garlinghouse then lays out three legislative priorities: 1) clear jurisdictional boundaries among regulators, 2) workable pathways for companies to build in the United States without sacrificing investor safeguards, and 3) a framework that lets America “be a global leader in crypto by taking full advantage of the benefits and efficiencies brought by digital assets and blockchain technologies”. With an estimated 55 million US crypto users and a $3.4 trillion global market capitalization on the line, he argues, the stakes are national—not merely corporate.
“Speaking on behalf of the entire crypto industry, I urge you to prioritize the passage of market-structure legislation for digital assets through this Committee and the full Senate,” Garlinghouse tells lawmakers, predicting that such a step would “catalyze a new era of US competitiveness and unlock efficiencies in financial transactions”. He closes with a challenge: “There is no reason we should not be the undisputed leader in digital assets and blockchain”.
Whether those words move the legislative needle will become clearer as the hearing unfolds, but Garlinghouse’s testimony sets the tone: cooperation over confrontation, clarity over uncertainty—and a blunt warning that the window for US leadership is narrowing fast.
At press time, XRP traded at $2.31.
