NewsletterRipple CEO Brad Garlinghouse To Testify At US Senate’s CLARITY Act Hearing
Highlights
- Ripple CEO Brad Garlinghouse will testify before the US Senate Banking Committee on July 9.
- This forms part of the hearing on the Senate's version of the crypto market structure bill.
- Garlinghouse and Ripple have become important figures in crypto regulation due to the XRP lawsuit.
Ripple CEO Brad Garlinghouse could play a critical role in the US Senate’s move to advance its version of the crypto market structure bill, also known as the CLARITY Act. Garlinghouse revealed that he will testify at a Committee hearing which will hold on July 9.
Ripple CEO To Testify Before Senate On CLARITY Act
In an X post, Brad Garlinghouse remarked that he is honored to get an invitation to testify in front of the Senate Banking Committee on July 9. He will testify on the need to pass the CLARITY Act, a crypto regulation that could provide regulatory clarity for the industry.
This comes just two weeks after the Senate Banking Subcommittee on Digital Assets released principles that will guide the crypto bill’s development. The senators had stated back then that the principles would guide them on how to engage with stakeholders (like the Ripple CEO) on the proposed bill.
Garlinghouse thanked the Banking Committee Chairman Senator Tim Scott, Senator Cynthia Lummis, and Ruben Gallego, who are the leaders of the Digital Assets Subcommittee, for their work so far.
He declared that their leadership, both with the hearing and over the years, in championing the crypto industry has been critical to getting the industry to this “important moment.”
The Ripple CEO added that constructive crypto market structure legislation in the US is important in ushering in a new era of innovation and financial opportunity, while protecting consumers.
Garlinghouse didn’t give any insight into what his testimony would be about. However, the Ripple CEO has a lot to say about the need for crypto regulations, considering his firm’s legal battle against the SEC in the XRP lawsuit.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- CoinShares Fires Back at Arthur Hayes, Dismisses Fears Over Tether Solvency
- Bitcoin Stalls Ahead of FOMC as Analyst Van de Poppe Sees No Break Until Tuesday
- Bitcoin Hyper Presale Review: How Utility is Unlocked With ZK-SVM Rollup
- Morgan Stanley Turns Bullish, Says Fed Will Cut Rates by 25bps This Month
- ETF Expert Nate Geraci Says Bitcoin Still Lacks Proof of Digital Gold Status
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
