Ripple CEO Brad Garlinghouse to testify prior to US Senate Banking Committee on crypto legislation

House » Regulation » Ripple CEO Brad Garlinghouse to testify prior to US Senate Banking Committee on crypto legislation

Lawmakers and change leaders are predicament to debate the path in direction of regulatory readability and innovation in the US digital resources sector.

Ripple CEO Brad Garlinghouse will testify prior to the US Senate Banking Committee on Wednesday morning for the length of a full committee hearing titled “From Wall Street to Web3: Constructing The next day’s Digital Asset Markets.”

“I am honored to be invited to testify in entrance of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation,” Garlinghouse confirmed on X on Monday.

Garlinghouse will relief the hearing alongside other change leaders, including Summer season Mersinger, the CEO of the Blockchain Association, Chainalysis CEO Jonathan Levin, and Paradigm’s Dan Robinson.

The hearing will likely be overseen by Senate Banking GOP Chairman Tim Scott, alongside with Senators Cynthia Lummis and Ruben Gallego, who lead the Subcommittee for Digital Assets. It could perchance perchance most likely take care of the proposed crypto market structure legislation, including bills such because the GENIUS Act and CLARITY Act, as well to frameworks for digital resources.

The GENIUS stablecoin invoice and the CLARITY digital asset market invoice are in evolved legislative stages, having cleared key committee and flooring votes. Both bills are phase of a remarkable wider push to modernize US digital asset legislation.

“Optimistic crypto market structure legislation in the US is imperative in bringing about a brand new period of innovation and monetary different, whereas keeping patrons,” Garlinghouse acknowledged.