Ripple CEO to attend US Senate hearing, testify on cryptocurrency reform and market structure legislation

According to Bitcoin.com, Ripple CEO Brad Garlinghouse revealed that he will testify at a hearing titled "From Wall Street to Web3: Building the Future of Digital Asset Markets" before the US Senate Banking Committee on Wednesday, July 9th, which will be live streamed online. This hearing is a key step in the legislative process of the Senate Digital Assets Subcommittee to promote the GENIUS stablecoin bill and the CLARITY market structure bill, with the aim of clarifying the regulatory division between the SEC and CFTC. Garlinghouse emphasized on social media that the development of constructive cryptocurrency market structure legislation in the United States is crucial for ushering in a new era of innovation and financial opportunities while protecting consumers.