Ripple CEO to Testify at U.S. Senate Banking Committee Hearing Tomorrow

According to a report by Bitcoin.com, as cited by Jinse Finance, Ripple CEO Brad Garlinghouse has announced that he will testify at a U.S. Senate Banking Committee hearing titled "From Wall Street to Web3: Building the Future of Digital Asset Markets" on Wednesday, July 9. The hearing will be livestreamed and serves as a key step in the Senate Digital Assets Subcommittee's efforts to advance the legislative process for the GENIUS Stablecoin Act and the CLARITY Market Structure Act, aiming to clarify the regulatory roles of the SEC and CFTC. Garlinghouse emphasized on social media that enacting constructive cryptocurrency market structure legislation in the U.S. is crucial for ushering in a new era of innovation and financial opportunity while protecting consumers.