Brad Garlinghouse, CEO of Ripple, will testify before the Senate Banking Committee to champion the establishment of a clear regulatory framework for cryptocurrencies. His testimony aims to position the United States competitively within the global crypto landscape by addressing regulatory uncertainties that could stifle innovation if unresolved.
Garlinghouse will be joined by industry leaders including Chainalysis CEO Jonathan Levin and Blockchain Association Chief Policy Officer Summer Mersinger. Their collective testimonies will focus on digital asset oversight complexities, including market structure challenges and jurisdictional responsibilities between the SEC and CFTC.
The hearing will examine pivotal legislation such as the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act, each designed to establish comprehensive regulations for digital assets. The committee’s findings may significantly influence future U.S. cryptocurrency policy and set potential benchmarks for global regulatory standards.