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Ripple CEO Brad Garlinghouse announced he will speak before the Senate Banking Committee about the importance of passing legislation related to the structure of the cryptocurrency market. His appearance is part of a hearing scheduled for Wednesday, titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.”

The hearing will feature prominent figures in the crypto industry, including Dan Robinson, General Partner at Paradigm; Jonathan Levin, CEO of Chainalysis; Summer Mersinger, CEO of Blockchain Association; and Brad Garlinghouse. Garlinghouse shared his commitment to attending the Senate Committee hearing in a post on X.

His speech will focus on the urgent need for effective legislation governing the cryptocurrency market structure.

The event is part of “Crypto Week,” a term popularized by House Financial Services Committee Chair Rep. French Hill.

Lawmakers will discuss three significant bills related to the cryptocurrency sector: The Anti-CBDC Surveillance State bill, the market structure CLARITY bill, and the GENIUS stablecoin bill.

Garlinghouse intends to highlight the importance of the CLARITY bill, which aims to regulate the entire cryptocurrency market and address long-standing concerns regarding crypto assets. This legislation seeks to clearly define the regulatory roles of federal agencies, including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

Ripple has been striving to move past nearly five years of legal battles with the SEC. The recent progress made by the House could be beneficial, particularly following changes in the SEC’s leadership.

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