Ripple CEO Brad Garlinghouse is set to testify before the Senate Banking Committee to advocate for regulatory clarity and make the U.S. a global blockchain and crypto leader.
Garlinghouse highlights Ripple's mission to enable the Internet of Value and the benefits of XRP Ledger for fast, low-cost cross-border payments.
He criticizes the policy vacuum around crypto in the U.S., citing Ripple's litigation with the SEC and urges for clear jurisdictional boundaries, pathways for U.S. companies, and a framework to lead in crypto.
Garlinghouse urges lawmakers to prioritize market-structure legislation for digital assets to enhance U.S. competitiveness and closes with a call for the U.S. to become the undisputed leader in digital assets.