Crypto Industry Advocates for Market Structure Evolution in U.S. Senate Hearing
In a recent event, prominent figures in the crypto industry, such as Ripple CEO Brad Garlinghouse, presented their visions for the regulation and management of digital asset markets to U.S. Senators. The discussion, which took place during a Senate hearing, also involved insights from Senator Elizabeth Warren, highlighting key Democratic concerns.
Additionally, the U.S. House of Representatives is gearing up for what they have dubbed ‘Crypto Week,’ aiming to address multiple legislative proposals, including the Digital Asset Market Clarity Act. This act aims to establish a clear legal framework for the burgeoning digital asset space.
During the hearing, Banking Committee Chairman Tim Scott emphasized the bipartisan support garnered by the Senate’s recent approval of the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act. This momentum is anticipated to carry over as the focus shifts towards more substantial crypto-related legislation.
