Ripple CEO to Testify at US Senate Banking Committee Hearing

According to Bitcoin.com, Ripple CEO Brad Garlinghouse has announced that he will testify before the Senate Banking Committee on Wednesday, July 9, at a hearing entitled "From Wall Street to Web3: Building the Future of Digital Asset Markets." The hearing, which will be webcast, is a key step in the Senate Digital Assets Subcommittee's push for the GENIUS Stablecoin Act and the CLARITY Market Structure Act, which aim to clarify the regulatory division of labor between the SEC and the CFTC. Garlinghouse emphasized on social media that constructive cryptocurrency market structure legislation in the United States is critical to unlocking a new era of innovation and financial opportunity while protecting consumers. [ChainCatcher]