US Senate Banking CommitteeWill organize an important session on July 9 to discuss crypto currency arrangements. The star participant of the session is Ripple, the exporter of XRP 
$2.28CEO Brad Garlinghouse. The experienced manager will have the opportunity to explain the senators directly to the senators why net and applicable rules should enter into force without delay. Garlinghouse made from his X account in the statement Senator Tim ScottSenator Cynthia lummis and representative Ruben GallegoHe thanked him for crypto money -friendly approaches and stressed that balanced arrangements would both ensure both investor protection and encourage innovation.
Law bills on the Senate’s agenda
While listening to Garlinghouse, the Committee will deposit three important laws of CLARITY, Anti-CBDC Surveillance State Law and Genius Law on the table CLARITY Act It aims to end the complexity of authority between the US Securities and Stock Exchange Commission (SEC) and the Commodity Futures Commission (CFTC), clarifying which crypto currencies will be considered as commodities. According to Senator Scott, the co -chairman of the bill, if the appropriate political environment occurs, the bill will be presented to the vote until the month of the crop.
Anti-CBDC Surveillance State LawThe Central Bank focuses on the concern that digital money projects will threaten individual privacy and proposes layers of protection that will prevent comprehensive supervision. Genius law It aims to increase investor confidence by creating a standard licensing framework for intermediary institutions, stock exchanges and companies providing storage services. The common denominator of the three bills to reduce the uncertainty in the crypto currency market and open to innovation, but to create controlability.
Names to accompany Garlinghouse
Blockchain Analysis to Garlinghouse’s CEO of Chainalysis, the analysis company Jonathan LevinFrom Blockchain Association SUMMER MERSİNGER and a well -known academician from Harvard University will be accompanied. Speakers will argue that clear and clear rules are essential to ensure that the US does not fall behind in global competition in the crypto currency sector.
Garlinghouse’s focus crypto currency The companies know in advance which supervisory institution to report, so that investments do not escape out of the United States and employment remains inside. Ripple The manager will process the thesis that strong but fair arrangements will raise the security bar without punishing innovative projects. Levin will provide technical basis to the legislature by transferring that transparent blockchain monitoring tools already offer evidence in the fight against crime. Mersinger will determine that the policy gap deterred entrepreneurs and that the flow of capital will accelerate if the rules become clear.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
