🇺🇸 TODAY: Ripple CEO Brad Garlinghouse says the crypto bill isn't just a compromise but a deal senators should back, telling the Senate now is the time to vote yes.

What happened

Ripple CEO Brad Garlinghouse told the Senate to vote yes on the crypto bill, calling it a deal that senators should support. He emphasized that now is the time for the Senate to act.

Confirmed

Global impact / market context

If the Senate passes the bill, it could set clear rules for digital assets like XRP, which is Ripple's coin. That might encourage banks and investors to use them, potentially boosting demand for XRP.

Analyst inference

Crypto companies face uncertain regulation in the U.S., which makes some investors cautious. A supportive bill could ease those fears and lead to more trading and investment in cryptocurrencies. If it fails, caution may continue, slowing market growth.

Analyst inference

What to watch

1. Watch the actual Senate vote on the crypto bill, as Garlinghouse has publicly urged a yes vote. Whether it passes is a key confirmed event. Confirmed
2. If the bill passes, watch XRP's trading volume and price changes, but no price movement is confirmed yet. The proposal is to monitor these for signs of investor reaction. Proposed
3. Watch for any amendments or objections during Senate debate. Changes to terms could weaken the bill, affecting how much clarity crypto firms get, which is an inferred outcome. Analyst inference

Affected assets

• XRP — XRP

Evidence

• x.com