Ripple CEO Brad Garlinghouse has confirmed his participation in the US Senate hearing focusing on the structure of cryptocurrency legislation.
Senate Testimony
Brad Garlinghouse announced that he will testify before the Senate Banking Committee on November 22. He will emphasize the need for constructive cryptocurrency market legislation in the US. Garlinghouse acknowledged the significance of this event for the industry.
Regulatory Issues
The hearings will address issues related to fragmented cryptocurrency regulation, which limits innovation and undermines US leadership in digital assets. In his statement, Garlinghouse noted that the focus is on consumer protection and creating financial opportunities.
Crypto Market Legislation
The hearings will also cover proposed cryptocurrency market legislation, including the GENIUS Act and CLARITY Act, which are at advanced stages of the legislative process. Lawmakers aim to establish clearer boundaries between assets regulated by the SEC and those overseen by the CFTC.
Brad Garlinghouse's Senate testimony highlights the growing importance of cryptocurrency regulation in the US. The involvement of industry leaders in these discussions may be crucial for the future of the crypto market.
