Ripple CEO Brad Garlinghouse has been invited to testify before the U.S. Senate Banking Committee, marking his first official appearance in this capacity.
Garlinghouse's First Experience in the Senate
Garlinghouse expressed gratitude to Senators Tim Scott, Ruben Gallego, and Cynthia Lummis, leaders of the new subcommittee on digital assets. He stated that it was an "honor" to receive the invitation.
Importance of Cryptocurrency Regulation
Garlinghouse emphasizes the need for passing "constructive" cryptocurrency market structure legislation, arguing that it is crucial to usher in "a new era of innovation."
Upcoming Hearings and Key Participants
The Senate Committee has confirmed that several legislative initiatives, including the CLARITY Act and various acts concerning the regulation of digital assets, will be considered during the week of July 14. A hearing on July 9 will also feature other experts such as Chainalysis CEO Jonathan Levin and Blockchain Association CEO Summer Mersinger.
Garlinghouse and other experts represent a critical part of the discussion on cryptocurrency regulation, highlighting growing legislative attention in this area.
