Ripple CEO, Brad Garlinghouse, is set to testify before the Senate Banking Committee on crypto legislation.
Garlinghouse is expected to advocate for comprehensive legislation supporting innovation while addressing regulatory uncertainties in the crypto industry.
His testimony comes at a crucial time as the industry faces scrutiny and struggles with a lack of clear regulatory framework, leading some firms to relocate outside the U.S.
Garlinghouse may emphasize the importance of differentiating digital assets, reforming regulations to suit blockchain technology, and using Ripple's experience as a case study for regulatory reform.