XRP and Regulatory Developments Summary

Date: July 10, 2025

Key Highlights

• Ripple CEO Brad Garlinghouse advocates for the CLARITY Act to provide regulatory clarity for cryptocurrencies.
• XRP reaches a 7-week high amid rising investor optimism regarding the SEC's potential decision to drop its appeal against Ripple.
• Whale wallets holding over 1 million XRP are at near-record levels, indicating strong confidence in XRP's future.

Garlinghouse's Testimony

During a Senate Banking Committee hearing titled "From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets," Garlinghouse emphasized the need for regulatory reforms and criticized the SEC's inconsistent stance on cryptocurrency regulations. He highlighted the confusion caused by the SEC under former Chair Gary Gensler, noting that federal judges have criticized the SEC for being arbitrary in its application of the law.

Push for the CLARITY Act

Garlinghouse urged lawmakers to prioritize the passage of the CLARITY Act, which aims to establish a clear regulatory framework for digital assets. This legislation is seen as crucial for enhancing the competitiveness of the U.S. in the digital asset space and improving financial transaction efficiencies.

Investor Focus on SEC Appeal

Investor attention is directed towards the SEC's upcoming vote regarding its appeal against the ruling on Ripple's Programmatic Sales of XRP. A favorable vote could lead to a resolution of the case, further boosting XRP's market value, which recently hit a 7-week high of $2.39.

XRP Price Outlook

XRP's price performance is closely tied to the SEC's appeal decision, the progress of the CLARITY Act, and developments regarding U.S. XRP-spot ETFs. A breakout above the recent high could lead to further gains, while a drop below $2.3 may expose critical support levels.

Bitcoin's Performance

On the same day, Bitcoin (BTC) reached a new all-time high of $111,961, driven by optimism surrounding regulatory frameworks and the Federal Open Market Committee (FOMC) meeting minutes, which suggested potential rate cuts.

Conclusion

As the regulatory landscape evolves, both XRP and Bitcoin are positioned to benefit from legislative developments and market sentiment. Investors are advised to monitor key updates regarding the Ripple case, legislative progress, and market flows to gauge future price movements.