Ripple CEO to Testify at Senate Banking Committee Hearing

According to ChainCatcher, Ripple CEO Brad Garlinghouse announced that he will testify at the U.S. Senate Banking Committee hearing on Wednesday, July 9. The hearing will be streamed live and is a key part of the legislative process for the (GENIUS Stablecoin Act) and (CLARITY Market Structure Act), aimed at clarifying the regulatory roles of the SEC and CFTC. Garlinghouse emphasized that it is crucial for the U.S. to establish constructive cryptocurrency market structure legislation to open a new era of innovation and financial opportunities while protecting consumers.