On July 9, 2025, Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee. The hearing focused on building digital asset markets. Garlinghouse advocated for clear regulations to support crypto innovation.
The Senate addressed the GENIUS Act, which passed on June 17, 2025, with a 68-30 vote. This act aims to regulate stablecoins. Senator Elizabeth Warren raised concerns about potential risks.
XRP experienced a surge, increasing over 12% in the last 24 hours. As of July 9, 2025, XRP is trading at $2.41. The intraday high reached $2.42, and the low was $2.3.