Bale (@AltcoinBale) sparked conversation by sharing a post highlighting comments made by Ripple CEO Brad Garlinghouse during his testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on July 9th, 2025. The CEO’s remarks offered insights into Ripple’s focus on addressing inefficiencies in financial systems through solutions for cross-border payments, stablecoins, and digital custody. Garlinghouse emphasized that these products aim to reduce friction, enhance efficiency, and ultimately serve customers better. XRP plays a central role in this system as it powers the XRPL (XRP Ledger), a decentralized blockchain platform known for its capacity to enable fast, low-cost, and highly scalable transactions.