Crypto Big Shots Head to the Hill 🏛️

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So, Brad Garlinghouse, the big cheese 🧀 at Ripple, is thrilled to be testifying in front of the Senate Banking Committee. Who wouldn’t be? It’s like being called to the principal’s office, but with more suits and less detention 🤣.

Garlinghouse is giving a big thank you to Senators Tim Scott, Ruben Gallego, and Cynthia Lummis for inviting him to the party 🎉. This will be his first time testifying before the Senate Banking Committee, so let’s hope he doesn’t get stage fright 🎭.

He’s been calling for “constructive” crypto market structure legislation, which is just a fancy way of saying “make it easier for us to make money 💸”. But hey, who doesn’t love a good get-rich-quick scheme? 🤑

The Senate Banking Committee has got a busy week ahead of them, with the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act all on the docket 📅. It’s like a crypto-themed game of “Legislative Bingo” 🎲.

And of course, there’s been a ton of lobbying going on behind the scenes 🤫. Because what’s a good bill without a few million dollars in “donations” 💸? Senator Tim Scott thinks the market structure bill could pass by October, but we’ll believe it when we see it 🙄.

On July 9, the full Committee will be holding a hearing on developing digital asset markets 📊. And who’s on the guest list? Garlinghouse, Chainalysis CEO Jonathan Levin, Blockchain Association CEO Summer Mersinger, and some Harvard policy expert who’s probably just there for the free food 🍔.

The hearing starts at 10:15 AM ET (14:15 UTC), and you can catch it live on the Senate Banking Committee’s website 📺. So grab some popcorn, sit back, and enjoy the show 🍿!

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2025-07-08 10:16