The U.S. is fully developing crypto: Senate regulatory hearing invites Ripple, Paradigm, and other industry leaders to attend.

The U.S. Senate Banking Committee will hold a hearing on cryptocurrency market structure on July 9, with industry leaders such as Ripple testifying in person. Congress is pushing significant regulatory processes following the GENIUS Act. (Background: Ripple applies for a U.S. banking license! The stablecoin RLUSD follows a fully compliant route by 'reserving in the Federal Reserve account.') (Additional background: Tether in trouble! A U.S. judge rules: Allows Celsius to pursue $4 billion in Bitcoin.) On July 9, Eastern Time, the U.S. Senate Banking Committee will hold a hearing to explore the structure of the cryptocurrency market. Leaders from Ripple, Blockchain Association, Chainalysis, and others will be present in Washington to voice their opinions, as Congress attempts to delineate clear regulatory boundaries between innovation and risk, also reflecting that the U.S. is now focusing on developing the crypto-related industry at the federal level. The hearing will focus on market structure. This hearing is the next step of the (GENIUS) stablecoin bill. The meeting is expected to start at 22:00 Taiwan time on July 9, with Ripple CEO Brad Garlinghouse, Blockchain Association CEO Kristin Smith, Chainalysis CEO Jonathan Levin, and Paradigm General Partner Dan Robinson all attending to present perspectives from regulatory, compliance, and investment angles. Republican Principles: Addressing Multiple Regulations. The Senate Republicans have announced the 'Cryptocurrency Market Structure Principles,' calling for clear definitions of 'digital asset securities' and 'digital asset commodities' to avoid multiple regulations slowing down industry progress. Industry stakeholders and legislators emphasize the need for a clear division of responsibilities among the SEC, CFTC, and banking regulators. The U.S. Office of the Comptroller of the Currency (OCC) allowing banks to custody digital assets is also seen as a sign of a gradually clearer environment. The bill timeline is clear: the U.S. is really moving. The House has advanced the 'Digital Asset Market Clarity Act' (CLARITY Act), while the Senate is concurrently drafting its version. The two bills may merge or pass separately in the future. Senate Banking Committee Chairman Tim Scott has stated a goal to complete overall market structure legislation by September 30, 2025, to establish long-lasting rules for digital finance. Legislators aim to create a robust and innovation-friendly framework to attract institutional funds while reducing regulatory risks of being accused of illegal finance. The SEC has recently shifted from strict enforcement to seeking clearer registration pathways, indicating a slight adjustment in regulatory attitude. Once rules are established, it is expected to reduce uncertainty, enhance investor confidence, and provide a reference model for the global digital asset market. As the U.S. takes action, it will undoubtedly become a 'model student' for other regions. Related Reports: Ripple applies for a 'U.S. banking license,' CEO: Once approved, $RLUSD will become the new standard for stablecoins. Trump announces 'trade deal' with Vietnam: Vietnam pays 20%-40% tariffs, USA products exempt from tariffs. Tether in trouble! A U.S. judge rules: Allows Celsius to pursue $4 billion in Bitcoin.