Ripple CEO to Testify Before U.S. Senate Ahead of Crypto Week

Brad Garlinghouse will address the Senate Banking Committee this week, urging lawmakers to expedite crypto market structure reforms as legislative efforts intensify in Washington.

Ripple Chief Set to Testify on Crypto Policy

Ripple CEO Brad Garlinghouse has confirmed that he will testify before the United States Senate Banking Committee this Wednesday, marking a pivotal moment for the digital asset industry as lawmakers weigh critical market structure reforms. His appearance comes ahead of the House of Representatives’ highly anticipated ‘Crypto Week’ set for next week, with momentum building around digital asset regulation in Washington.

Taking to the social media platform X, Garlinghouse stated,

“I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation.”

Senate Hearing to Focus on Digital Asset Markets

The hearing, titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” will be led by Senate Banking Committee GOP Chairman Tim Scott, alongside Senators Cynthia Lummis and Ruben Gallego, who head the Subcommittee for Digital Assets. The session will examine proposed legislation aimed at modernizing the regulatory framework for digital assets in the United States.

Garlinghouse extended his appreciation to the committee, remarking,

“Your leadership – both with this hearing and over the years in championing the crypto industry – has been critical to getting us to this important moment.”

The hearing follows the recent release of draft rules by the Senate Banking Subcommittee on Digital Assets. These principles are intended to guide discussions with industry stakeholders, with Garlinghouse’s testimony expected to be a central component of those deliberations.

Key Industry Voices Join Senate Panel

Garlinghouse won’t be the only notable figure addressing the committee. Joining him will be Summer Mersinger of the Blockchain Association, Chainalysis CEO Jonathan Levin, and Paradigm researcher Dan Robinson. Together, they will present the industry’s concerns over fragmented and ambiguous regulations that, according to advocates, hinder U.S. innovation and weaken its competi

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Author: Amara Khatri

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