Ripple CEO to Testify at U.S. Senate Hearing on Digital Asset Markets
According to PANews, Ripple CEO Brad Garlinghouse is set to testify at a U.S. Senate Banking Committee hearing on July 9, Wednesday. The hearing, titled 'From Wall Street to Web3: Building the Digital Asset Markets of the Future,' will be broadcast live online.This hearing is a significant step in the legislative process driven by the Senate's Digital Assets Subcommittee, focusing on the GENIUS Stablecoin Act and the CLARITY Market Structure Act. The aim is to clarify the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).Garlinghouse emphasized on social media the importance of the U.S. establishing constructive cryptocurrency market structure legislation. He noted that such legislation is crucial for ushering in a new era of innovation and financial opportunities while ensuring consumer protection.