🇺🇸 CEO Ripple Brad Garlinghouse testifies before the U.S. Senate: Is crypto about to have a clear legal framework?
Brad Garlinghouse – CEO of Ripple – confirmed that he will testify before the U.S. Senate Banking Committee this Wednesday (9/7). The focus is on urging Congress to pass a legal framework for the crypto market soon, particularly regarding stablecoins, decentralized oversight (SEC/CFTC), and CBDC.
The hearing is titled: “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets” – with participation from many big names in the crypto and traditional finance sectors.
🎯 If passed, what would the impact be?
✅ 1. Establishing clear legality:
Projects like XRP, ETH, SOL… will be more clearly positioned legally, avoiding the current situation of being sued by the SEC as securities.
✅ 2. Strong institutional capital influx:
Investment funds, banks, and large financial institutions will find it easier to invest in crypto with a clear legal framework.
✅ 3. Market explosion:
If Congress gives the green light, many blue-chip coins could surge, especially those related to Ripple (XRP), stablecoins (USDC, DAI), or layer 1s like ETH, SOL.
✅ 4. Accelerating new Crypto ETFs:
The SEC will be pressured to approve ETFs like Solana, ETH spot... more quickly, thereby increasing overall market liquidity.
🧠 In summary:
If the legal framework is passed, this will be a significant turning point for the crypto industry in the U.S. – the world's number one economy. Not only XRP but the entire market has the opportunity to "to the moon".
