XRP jumped more than 18% to $1.30 over 24 hours as Ripple CEO Brad Garlinghouse joined the inaugural meeting of the Commodity Futures Trading Commission’s Innovation Advisory Committee and Washington accelerated digital-asset rulemaking. Garlinghouse called the session "the Olympic roster of crypto" while noting a heavy presence of traditional finance firms including Nasdaq, the New York Stock Exchange, Cboe Global Markets, the Options Clearing Corporation, and the Depository Trust & Clearing Corporation. He said attendees agreed rules written for a different era are not good enough for consumers, businesses, or innovation, and credited the Trump administration, CFTC Acting Chairman Michael Selig, and congressional leaders for bringing clearer regulation closer than at any point since his 2019 open letter to Congress. The panel met a day after an August 19 White House crypto summit where President Donald Trump urged passage of the CLARITY Act; White House crypto adviser Patrick Witt expressed optimism ahead of a September 15 Senate cloture vote but said agencies would advance rulemaking if the bill fails, a stance Selig echoed for the CFTC. On August 18 the SEC proposed "Regulation Crypto Assets," its first securities framework for digital-asset fundraising, with exemption tracks up to $5 million and $75 million and a safe harbor for tokens once a network operates independently. Garlinghouse said the administration, SEC, and CFTC are aligned on crypto policy and that 67 million Americans hold crypto, while Ripple’s earlier multi-year SEC fight—costing about $150 million and ending with appeals dismissed in August 2025—remains a reference point for market-structure debate.