Ripple CEO, Ex-CFTC Members To Address Market Structure At Hearing



As the United States Congress weighs key legislation that could reshape the regulatory framework for digital assets, top crypto executives, policy advocates and former regulators are set to testify before the Senate Banking Committee.

On Wednesday, lawmakers with the US Senate Banking Committee will hear from Ripple CEO Brad Garlinghouse, former Commodity Futures Trading Commission (CFTC) member and Blockchain Association CEO Summer Mersinger, former CFTC Chair Timothy Massad, Chainalysis CEO Jonathan Levin, and others to address digital asset markets.

The hearing will mark one of the first times US lawmakers could offer a preview of how the Senate will handle a crypto market structure bill after its leadership said it aimed to pass legislation by October.

“We are at a critical inflection point,” said Mersinger in prepared testimony. “The choice before us is not whether to regulate this industry, but how. We can either continue down a path of uncertainty that cedes our leadership and exports this innovation to other countries, or we can enact sensible, bipartisan legislation that cements our position as the premier destination for financial innovation for decades to come.”