Etherealize CEO Advocates Ethereum as Secure Settlement Layer in U.S. Congress

News Flash 2026-03-09 09:15

Vivek Raman, CEO of Etherealize, testified before the U.S. Congress, emphasizing Ethereum's role as the world's most secure and decentralized settlement layer. Raman highlighted the inefficiencies in current U.S. capital markets, where transactions can take days and rely on outdated methods like paper documents. He argued that Ethereum offers instant settlement, real-time regulation, and global access, with major institutions like BlackRock and Deutsche Bank already utilizing its capabilities. Raman pointed out that $140 billion in stablecoins and $10 billion in tokenized assets are currently operating on Ethereum, despite regulatory uncertainties. He advocated for the U.S. Digital Asset Market Clarification Act (CLARITY Act), suggesting it could significantly boost innovation. He underscored Ethereum's decentralization, with over one million validators ensuring transaction security and resilience, minimizing counterparty risk.

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