Altcoins News
By Maheen Hernandez
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Ripple’s years-long battle with the U.S. Securities and Exchange Commission (SEC) appears to be approaching its final chapter.
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Garlinghouse has shared his full prepared remarks ahead of the hearing, delivering a clear message to lawmakers about the need for comprehensive crypto regulation.
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The case between Ripple and the SEC, which began in 2020, has significantly impacted the crypto sector.
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Still, uncertainty continues to loom over the sector. The lack of regulatory clarity has not only slowed innovation but has also driven crypto startups and talent offshore.
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In his upcoming Senate testimony, Garlinghouse lays out three specific priorities for Congress to address. First, he calls for a clear definition of the responsibilities of U.S.
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Second, Garlinghouse urges lawmakers to create safe pathways for innovation in the United States.
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Third, he pushes for a national strategy aimed at making the U.S. a global leader in digital assets. While countries like the U.K.
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One key legislative effort that Garlinghouse strongly supports is the CLARITY Act, a proposed crypto market structure bill.
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Garlinghouse also touched on the need for consumer protection. He argues that protecting users from fraud and bad actors does not have to come at the expense of innovation.
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Tomorrow, the SEC is scheduled to hold a closed-door meeting, and there is growing speculation that a decision regarding the Ripple case may be on the agenda.
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Market observers believe that resolving the case could act as a catalyst for a broader rally across crypto markets.
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As the Senate hearing approaches and the SEC’s next move remains uncertain, Garlinghouse’s message is clear: America cannot afford to sit on the sidelines.
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Whether Ripple’s vision of an open, efficient financial network comes to life will depend not only on the outcome of this lawsuit but also on how quickly lawmakers can catch up…
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