Susan Friedman, director of Ripple, underlined the importance of the audience
An upcoming congressional hearing, scheduled for June 6, is creating a buzz in the cryptocurrency industry. Susan Friedman, a notable Ripple executive, Underline the importance of the hearing organized by the Parliamentary Committee on Agriculture.
The hearing, titled “The Future of Digital Assets: Bringing Clarity to Digital Asset Spot Markets,” aims to delve into the intricacies of the cryptocurrency market and provide much-needed clarification. Friedman highlighted the role of the congressman Glenn Thompson (R-Penn.) as a consistent advocate for clarity in the digital asset space.
THE upcoming hearing follows a joint session held May 10 between the House Financial Services Committee and the House Agriculture Committee. The previous meeting was called to decipher the best legislative strategy for digital assets amid continued market turbulence and a perceived lack of government oversight.
A key point of contention was the need for new laws specifically for digital assets, a concern raised by Rep. Stephen Lynch (D-Mass.), who argued that such legislation could encourage other sectors to dive in. in the digital asset space.
This series of congressional hearings indicates the growing recognition of cryptocurrencies and blockchain technology in mainstream financial and regulatory spheres. There is a significant difference of opinion, as the May 10 meeting demonstrated, on whether existing laws can adequately regulate the emerging digital asset class or whether the industry needs specific legislation.
As the June 6 hearing approaches, all eyes will be on the proceedings, awaiting potential hints of crypto regulatory changes.