Here’s Why Today Could Be a Historic Day for XRP

Today, July 9, 2025, is shaping up to be one of the most significant days in XRP history.

Particularly, Ripple CEO Brad Garlinghouse is testifying before the U.S. Senate as several major developments converge. This has fueled rising belief within the XRP community that the asset is entering a new era.

In a tweet, Brad Kimes, founder of Digital Perspectives, highlighted the moment’s magnitude, calling it the potential beginning of a “coronation” for Ripple and XRP.

Brad Garlinghouse Addresses the US Senate

Notably, Garlinghouse is testifying today before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Ahead of his official appearance, he shared the speech he plans to deliver, titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.”

Garlinghouse emphasized the need for precise digital asset regulation and a balanced framework that protects consumers while encouraging innovation.

He defended Ripple’s mission to build an Internet of Value using the XRP Ledger. In particular, the CEO emphasized that the company leverages the XRP Ledger and XRP to process payments. XRP is designed to enable rapid, cheap, and scalable transactions.

This is the most significant moment in which XRP and the XRP Ledger have been directly referenced and explained in the halls of the U.S. Senate.

Garlinghouse also stated that from the beginning, Ripple made a deliberate choice to collaborate with policymakers and regulators. The company operates under more than 60 crypto payment and money transmitter licenses, both domestically and internationally.

Consequently, he called on Congress to pass smart legislation to ensure the U.S. can become a global leader in blockchain and crypto.

Ripple’s Legal Victory Finalized

As Garlinghouse spoke to lawmakers, Ripple’s years-long battle with the U.S. SEC is also coming to a close. The lawsuit, which began in 2020, questioned whether XRP was a security.

However, Ripple won the argument against the SEC, a fact Garlinghouse highlighted to the Senate committee.

The victory confirms that XRP is not, in and of itself, a security. This conclusion clears the regulatory cloud that has loomed over XRP for years, giving institutional and retail investors renewed confidence.

Launch of RLUSD and Fed Ambitions

Notably, Garlinghouse’s testimony comes just months after Ripple launched its U.S. dollar-backed stablecoin, RLUSD.

Even more significantly, it comes days after Ripple filed for a national banking charter and a master account with the Federal Reserve. These moves would allow Ripple to operate more like a full-scale financial institution within the U.S. banking system.

The alignment of all these events is stirring excitement across the XRP community. Supporters believe it could mark the beginning of a new phase of adoption and utility for XRP.

I can’t help but feel like tomorrow is going to be a historic day for XRP. The beginning of a coronation for Ripple and XRP, if you will. 👇

1)Brad Garlinghouse testifies in front of Senate committee.

2)XRP and the XRPLEDGER will be mentioned and discussed by Senators inside… https://t.co/FTUDdVE2EZ

— Digital Perspectives (@DigPerspectives) July 8, 2025

Source