Cardano founder Charles Hoskinson has praised Ripple and other cryptocurrency industry leaders following a high-level Senate Banking Committee roundtable focused on crypto market structure legislation.
The September 17 closed-door session in Washington, D.C., brought together major industry participants as lawmakers refined the latest draft of US cryptocurrency regulation.
Hoskinson used social media to highlight the contributions made by key participants during the meeting, specifically acknowledging Ripple’s involvement in the legislative discussion process. The Cardano founder’s public endorsement came as the industry continues working with federal legislators to establish comprehensive digital asset frameworks.
Ripple President Monica Long shared positive sentiments following the roundtable, characterizing blockchain technology as “a financial revolution” that has yet to fully integrate with existing financial infrastructure due to regulatory uncertainties. Long noted changing environmental conditions driven by successive legislative initiatives.
The Ripple executive referenced multiple regulatory efforts including the GENIUS Act for stablecoins, the Clarity Act, and the Senate’s Responsible Financial Innovation Act currently taking shape. These legislative proposals aim to create structured approaches to digital asset oversight and market operations.
Long expressed appreciation for lawmakers’ willingness to engage directly with cryptocurrency industry participants. She praised their openness to understanding practical applications while crafting legislation that balances consumer protection, innovation encouragement, and long-term adaptability requirements.
The Ripple President specifically thanked Senators Tim Scott and Cynthia Lummis for their leadership roles in advancing cryptocurrency regulatory discussions. Both senators have been active proponents of establishing clear digital asset frameworks through bipartisan legislative efforts.
According to journalist Eleanor Terrett, the 90-minute roundtable attracted representatives from major cryptocurrency organizations including a16z, Kraken, Coinbase, Multicoin Capital, Paradigm, and Circle alongside Cardano and Ripple participants.
The discussion centered on refining language within the Senate’s market structure bill draft, which will determine federal agency responsibilities for cryptocurrency oversight. The legislation could assign the CFTC primary regulatory authority while defining roles for the SEC and FinCEN.
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