Ripple's CEO, Brad Garlinghouse, will present for the first time before the U.S. Senate Banking Committee regarding the urgent need for clear regulations for the cryptocurrency market.
The hearing is scheduled for July 9, 2025, with the participation of many top experts, aiming to promote transparent laws and protect users in the digital asset sector.
MAIN CONTENT
Brad Garlinghouse emphasizes the importance of clear and fair cryptocurrency market regulations.
The U.S. Senate Committee is evaluating three important bills to clarify the roles of regulatory agencies.
Many leaders and cryptocurrency technology experts participated in sharing during the hearing.
Why do Ripple and industry leaders advocate for clear cryptocurrency regulations?
Brad Garlinghouse affirmed at the hearing that strict but fair regulations will both protect ordinary users and facilitate sustainable innovation. He praised Senators Tim Scott, Cynthia Lummis, and Ruben Gallego for leading the effort to build cryptocurrency-friendly laws.
Previously, uncertainty about the regulatory scope between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) has made it difficult for companies and investors in this field.
Clear and flexible regulations will lay the foundation for the sustainable development of the cryptocurrency industry in the United States while protecting individuals and businesses from uncontrolled market risks.
Brad Garlinghouse, CEO of Ripple, 7/2025
What three important bills are currently being considered by the U.S. Senate?
The hearing takes place amidst the U.S. Congress's attention to three major bills including the CLARITY Act, the Anti-CBDC Surveillance Act, and the GENIUS Act. These laws aim to unify cryptocurrency regulation and clearly define the responsible agency for each type of digital asset.
In particular, the CLARITY Act is expected to resolve control disputes between the SEC and the CFTC over certain types of tokens. Senator Tim Scott predicts that the bill could be passed in October 2025 if developments go smoothly.
Which experts will participate in the hearing alongside Brad Garlinghouse?
In addition to Brad Garlinghouse, leading business executives such as Jonathan Levin – CEO of Chainalysis and Summer Mersinger – CEO of the Blockchain Association will also attend. Additionally, a prominent Harvard expert will present a scientific perspective on the importance of smart regulation in promoting the global leadership position of the United States.
They agree that building a suitable legal framework will help cryptocurrency companies develop steadily while creating a safer investment environment for users.
Transparent regulations that adapt to new technologies are crucial for the United States to maintain its advantage in the global cryptocurrency era.
Summer Mersinger, CEO of the Blockchain Association, 2025
How will clear regulations affect the U.S. cryptocurrency market?
Based on experiences from traditional financial markets, strict regulations help minimize the risk of fraud and manipulation, creating trust for users. Similarly, transparent laws will increase peace of mind when investing in cryptocurrencies, fostering liquidity and the development of the ecosystem.
Statistics from industry reports in 2024 show that countries with clear legal frameworks record an average growth rate of new investors over 25% compared to places lacking legal frameworks.
What are the main challenges in building laws for cryptocurrencies?
Most notably is the classification of digital assets between securities and commodities, affecting which regulatory agency is applied. Furthermore, the diversity in business models and blockchain technology also requires laws to be highly flexible to not stifle innovation.
This is the reason the CLARITY Act and related bills provide specific definitions and propose a regulatory model based on asset classification, aiming to minimize legal ambiguity and disputes between agencies.
What are the notes when monitoring and evaluating cryptocurrency bills?
Users and organizations should focus on enforcement effectiveness, consumer protection capacity, and support for technology development. Closely monitoring legal developments is essential to timely adjust operational strategies and legal investment.
Experts recommend preparing appropriate legal and technical resources to maximize the benefits from the new regulations when implemented.
Frequently Asked Questions
When does Brad Garlinghouse's hearing take place? It occurs on July 9, 2025, before the U.S. Senate Banking Committee. What three main bills are being considered? The CLARITY Act, the Anti-CBDC Surveillance Act, and the GENIUS Act. What is the role of the CLARITY Act? To resolve regulatory disputes between the SEC and the CFTC, clearly defining the regulatory scope for different types of tokens. Who else will attend the hearing with Brad Garlinghouse? Prominent CEOs in the industry such as Jonathan Levin, Summer Mersinger, and a Harvard expert. Why is clear regulation needed for cryptocurrencies? To protect investors, reduce legal risks, and promote sustainable development in the industry.
Source: https://tintucbitcoin.com/ceo-ripple-keu-goi-luat-ro-rang-tien-dien-tu/
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