Brad Garlinghouse, the CEO of Ripple, is scheduled to testify before the Senate Banking Committee. The hearing could have a significant impact on the digital asset market.
Brad Garlinghouse's Testimony at the Hearing
Garlinghouse will testify on July 9, 2025, in Washington, D.C., at the hearing titled "From Wall Street to Web3". He will discuss the need for crypto market structure legislation, indicating a desire for clearer rules for digital assets.
Impact on XRP Market
XRP has risen by 1.9% upon confirmation of the event. Increased trading activity and price fluctuations indicate a positive sentiment in the market. Participants anticipate that possible legislation passage will streamline operations in cryptocurrencies.
Regulatory Prospects for Cryptocurrency
Lawmakers will discuss the GENIUS stablecoin bill and the CLARITY digital asset market bill. There is a strong likelihood that the discussion will lead to significant changes in the regulation of the crypto market, especially for institutional players.
The hearing may represent a significant event for the crypto market, opening new opportunities and proposing clearer rules. The adoption of the proposed legislation will have long-term implications for digital assets.
