During a Senate hearing, Garlinghouse emphasized the need for clear regulatory frameworks to support innovation and protect consumers in the digital asset market.
Ripple CEO Brad Garlinghouse outlined the urgent need for regulatory clarity in the U.S. digital asset markets during a Senate Banking Committee hearing. He discussed the GENIUS Stablecoin Act and the CLARITY Market Structure Act, emphasizing how the lack of clear rules has hindered progress. Senator Elizabeth Warren raised concerns about potential regulatory evasion under proposed legislation, while the Senate aims to finalize market structure legislation by September 30, 2025. The House of Representatives is also pursuing its own crypto-related legislation, including a Digital Asset Market Clarity Act.