CoinWorld news, on July 8 (UTC+8), Ripple CEO Brad Garlinghouse confirmed in a post that he will testify before the U.S. Senate Banking Committee this Wednesday, expressing his views on the importance of legislation regarding the structure of the cryptocurrency market. He thanked Senate Banking Committee Chairman Tim Scott, and the leaders of the Digital Assets Subcommittee, Lummis and Gallego, for their long-term efforts to promote the development of the cryptocurrency industry. Garlinghouse stated that constructive cryptocurrency market legislation is crucial for driving innovation and financial opportunities, while also better protecting consumers. The market looks forward to this hearing bringing more clarity to U.S. cryptocurrency regulation.