Ripple is heading to Washington. This Wednesday, the company’s CEO Brad Garlinghouse will testify before the U.S. Senate Banking Committee, advocating for swift approval of legislation that defines the structure of the cryptocurrency market.

The hearing will focus on a key issue: whether digital assets fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). This distinction is crucial not only for Ripple but for the entire crypto industry, which has struggled for years with regulatory uncertainty.

Garlinghouse announced his participation via the X platform, expressing gratitude for the opportunity “to advocate for necessary legislation” before lawmakers. The hearing will be chaired by Republican Senator Tim Scott, with participation from Senators Cynthia Lummis and Ruben Gallego.

From Wall Street to Web3: A New Vision for Crypto

The hearing is aptly titled “From Wall Street to Web3: Building the Markets of Tomorrow.” In addition to Garlinghouse, testimony will be given by other industry leaders, including Blockchain Association's Summer Mersinger and Chainalysis CEO Jonathan Levin.

Their shared goal is to highlight how the current fragmented regulatory environment is stifling innovation, hindering growth, and weakening the United States’ leadership in digital assets.

“The U.S. needs a modern and consistent framework that supports innovation, protects consumers, and strengthens our global position,” said Garlinghouse.

Pressure on Congress Mounts – XRP in the Spotlight

Among XRP holders, there’s growing anticipation that the hearing might finally resolve a longstanding issue: how XRP should be classified and who should regulate it. Ripple has engaged with regulators repeatedly, but no clear answer has emerged—causing instability in both adoption and price.

The hearing will also address key legislation proposals: the GENIUS Act and the CLARITY Act, both of which aim to provide clearer definitions of digital assets and divide oversight between the SEC and CFTC.

Technical Insight, Stablecoins, and Market Structure

Beyond legal questions, the hearing will include a technical perspective—provided by researcher Dan Robinson, who will explain how regulation directly impacts blockchain development.

Both the GENIUS and CLARITY Acts have passed through several committees and reached the House of Representatives. Their approval would mark a major step forward not just for Ripple, but for the broader U.S. crypto market.




#Ripple , #BradGarlinghouse , #crypto , #Regulation , #CryptoNewss

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