In just a couple of days, the cryptocurrency world will turn its eyes to a significant event for XRP, the digital token associated with Ripple. On July 9, 2025, at 10 a.m. ET, the US Senate Banking, Housing, and Urban Affairs Committee will host a crucial hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” This session, taking place in Dirksen 538 and broadcast live online, could shape the future of XRP and how it’s regulated in the United States.
A Key Hearing for XRP’s Future
Why does this matter? The hearing will feature Ripple’s CEO, Brad Garlinghouse, alongside other industry leaders like Summer Mersinger of the Blockchain Association, Jonathan Levin of Chainalysis, and Dan Robinson of Paradigm. They’ll discuss a hot topic in the crypto space: whether certain digital tokens, like XRP, should be classified as “digital commodities” rather than securities. If XRP is deemed a commodity, it would fall under the oversight of the Commodity Futures Trading Commission (CFTC) instead of the stricter Securities and Exchange Commission (SEC). This distinction could ease regulatory pressures on Ripple and potentially boost XRP’s market position.
This comes at a critical time. Recently, on June 27, Garlinghouse announced that Ripple is stepping back from its legal counter-appeal in its ongoing battle with the SEC. He shared on social media, “We’re closing this chapter once and for all.” The SEC is also expected to drop its appeal of a 2023 court ruling by Judge Analisa Torres, which stated that XRP sold on secondary exchanges isn’t an unregistered security. However, a $125 million penalty for earlier institutional sales remains in place. While this legal truce clears some uncertainty, the bigger question of XRP’s official status is now in the hands of US lawmakers.
Legislative Moves That Could Redefine XRP
The July 9 hearing isn’t just a discussion—it’s a stepping stone for new laws. Several bills are already in motion on Capitol Hill to clarify the rules for digital assets. The House passed the bipartisan FIT21 Act last year, and the Digital Asset Market CLARITY Act of 2025 aims to label decentralized tokens as commodities. Meanwhile, Senate Banking Chairman Tim Scott is pushing to finalize a comprehensive market-structure bill by September 30, emphasizing the urgency of clear crypto regulations.
Industry voices at the hearing are expected to offer diverse views. Mersinger has hinted on social media that she’ll advocate for well-defined rules and CFTC oversight of digital asset markets. Robinson, on the other hand, may caution against regulations that favor existing financial giants, based on his past statements. For XRP holders, these debates could signal whether Congress sees XRP more like Bitcoin—a commodity—than a security like a stock.
Market Impact: XRP’s Price and ETF Hopes
The market is already reacting. XRP’s price recently climbed above $2,28, fueled by news of Ripple exploring a US banking license. This surge comes amid a two-week rally, with traders betting big on the token reaching $3,00. A Senate nod toward classifying XRP as a commodity could further fuel this momentum and increase the likelihood of a spot XRP ETF (exchange-traded fund), making it easier for everyday investors to buy into the token without directly owning it.
As of now, XRP is trading at $2,28, and all eyes are on how Wednesday’s hearing could sway its trajectory. The outcome won’t just affect XRP—it could set a precedent for how the US approaches the entire Web3 and crypto landscape.
Why This Matters to You
If you’re holding XRP or just curious about crypto, this hearing is a big deal. It’s not just about one token; it’s about how the rules of the game are written. A clearer, commodity-friendly framework could mean less red tape for Ripple and potentially higher confidence in XRP’s value. On the flip side, if the SEC’s grip tightens, it could limit XRP’s growth. Either way, July 9 will give us the most detailed look yet at how Congress plans to balance innovation with regulation in the fast-evolving world of digital assets.
Stay tuned for updates as we cover this landmark event for XRP and the broader crypto market.
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