🇺🇸 Ripple CEO Brad Garlinghouse to testify before Senate on crypto legislation.

Ripple CEO Brad Garlinghouse is set to testify before the US Senate Banking Committee on July 9, 2025, to discuss crypto legislation and regulatory clarity. Here's what's happening:

Hearing Details: The hearing, titled "From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets," will take place at 10 a.m. ET on July 9. Garlinghouse will join other industry leaders, including Summer Mersinger from the Blockchain Association, Chainalysis CEO Jonathan Levin, and Paradigm's Dan Robinson.

Legislative Proposals: The hearing will focus on proposed crypto market structure legislation, including the GENIUS Act and CLARITY Act. These bills aim to define the regulatory framework for digital assets, determining whether they fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).

Regulatory Clarity: Garlinghouse emphasizes that regulatory clarity is essential for innovation and consumer protection in the crypto industry. His testimony may push Congress to establish long-awaited clarity on crypto regulations, particularly for projects like XRP that have faced inconsistent regulatory treatment.

XRP's Regulatory History: XRP has been referred to as a virtual currency by various US agencies, including the Financial Stability Oversight Council (FSOC) and the US Government Accountability Office. However, the SEC has classified it as a security, highlighting the need for clearer guidelines.

The hearing may influence future crypto legislation in the United States, shaping the landscape of cryptocurrency regulation.#DayTradingStrategy $XRP