- Stuart Alderoty emphasizes real-world crypto usage by everyday Americans.
- Ripple CEO testifies before the Senate Banking Committee on digital asset markets.
- Garlinghouse advocates for jurisdictional clarity among financial regulators.
Ripple Chief Legal Officer Stuart Alderoty has called attention to how real people use cryptocurrency in their daily lives, referencing a video from the National Cryptocurrency Association, as the company prepares for high-profile Senate testimony. His comments aim to counter stereotypes about digital asset users while advocating for clearer and more transparent policy frameworks.
The National Cryptocurrency Association’s efforts highlight legitimate use cases that demonstrate cryptocurrency’s role in addressing real financial challenges for everyday users. The timing of Alderoty’s statement coincides with CEO Brad Garlinghouse’s testimony before the Senate Banking Committee on July 9, 2025. Both executives emphasize that a clear policy is more important than ever as lawmakers consider legislation on the digital asset market structure.
Challenging Misconceptions About Crypto Users
Garlinghouse introduced the 55 million Americans who own and utilize cryptocurrency before testifying before the Senate. The CEO pushed back against common stereotypes that inaccurately portray digital asset holders, emphasizing their diversity and real-world applications.
He called on lawmakers to establish explicit regulatory guidelines for digital assets that would protect the 55 million American consumers of cryptocurrencies. His remarks underlined the need for ethical legislation that strikes a balance between innovation and consumer protection.
The Ripple CEO also outlined three core priorities for congressional action. They are setting clear jurisdictional boundaries among financial regulators, establishing pathways for companies to operate in the U.S. without compromising protections, and ensuring American leadership in digital assets and blockchain technologies.
Legal Victory Provides Industry Precedent
Garlinghouse referred to the court’s ruling that XRP is not a security as leaving the door open for other market players to resist regulatory overreach. The decision set a legal precedent following Ripple’s lawsuit against the SEC in 2020.
The testimony highlighted Ripple’s compliance-driven strategy and stated that the company holds over 60 payment services, cryptocurrency, and money transmitter licenses in global and local jurisdictions. This proactive engagement with regulatory frameworks contrasts with companies that attempt to operate outside established norms.
Garlinghouse pushed back against cryptocurrency investor stereotypes directly, arguing that critics inappropriately characterize the diverse world of consumers who use digital assets for legitimate financial purposes. The CEO’s deposition advocated for a market structure policy that would release efficiencies in financial transactions without harming consumers and businesses.
Ripple’s mission is to enable “the Internet of Value,” where value moves as freely as information does today. Ripple’s platforms enable cross-border payments, stablecoins, and digital custody for financial institutions, reducing friction and enhancing the customer experience.
Garlinghouse positioned the United States as uniquely equipped to lead the digital asset space, citing its deep capital markets, strong technical talent, and culture of innovation. He argued that there is no reason for America to cede leadership in this emerging frontier.
Related: In a Sharp Statement, Ripple’s CEO Draws a Clear Line Between His Firm and Linqto
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