Brad Garlinghouse, the CEO of Ripple, confirmed via X that he will testify before the U.S. Senate Banking Committee on Wednesday, July 9, during a hearing titled "From Wall Street to Web 3: Building the Future Digital Asset Markets".

He will speak alongside Summer Mersinger, the CEO of Blockchain Associates, Jonathan Levin from Chainalysis, and Dan Robinson from Paradigm.

Garlinghouse is expected to advocate for the GENIUS Act and the CLARITY Act, both of which are in legislative stages, emphasizing their importance for innovation and consumer protection.

The price of Ripple rose by approximately 1.9% yesterday and about 4% over the past week, with optimists targeting a retest of the $2.50 level. The involvement of key figures in the cryptocurrency industry in the Senate may boost market sentiment and shape the trajectory of U.S. digital currency policy. $XRP

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