On June 6, 2023, there will be a hearing before House Committee on Agriculture regarding the future of Digital Asset, and Ripple has a say.
The public publication of the documents and emails related to the Hinman speech is keenly anticipated by the global digital asset market leaders. On June 13, 2023, the critical documents are expected to be released.
However, one of Ripple’s well-known executives called attention to a crucial cryptocurrency hearing before the subsequent planned proceeding in the XRP litigation.
Key Hearing For The Crypto Markets
According to Susan Friedman, head of policy at Ripple, the impending House Financial Services Committee hearing is a crucial occasion for the cryptocurrency sector. She said the House Committee on Agriculture’s hearing is also essential for the market.
On June 6, 2023, a congressional hearing will be held to discuss the future of digital assets, which will be done to bring clarity to the cryptocurrency spot market. A representative of Ripple commended Congressman Glenn Thompson (R–Penn.) for being an unwavering ally of those calling for clarification in the crypto-sectors.
It is crucial to remember that the House Agriculture Committee has jurisdiction over the Commodity Futures Trading Commission (CFTC). The leading financial watchdogs, the CFTC and SEC, have aggressively pursued regulatory charges against businesses connected to digital assets.
Meanwhile, it has been claimed that the authority needed to provide the market with precise regulations. Just one month before the eagerly awaited release of the Hinman documents, this critical hearing occurred amid all the cryptocurrency sector activity.
In a combined letter submitted to the court, Ripple Labs and the SEC asked for an extra week, until June 13, to present the public and undeleted versions of the crucial documents. These documents also contain the XRP Lawsuit’s cross-motions for summary judgment and related evidence in their original, undisclosed form.
