Ripple CEO Brad Garlinghouse said he now sees a 90% chance that the long-discussed Clarity Act will pass by the end of April, signaling growing confidence within the crypto industry that US lawmakers may finally provide long-sought regulatory certainty.
Speaking on Fox Business.Garlinghouse said the momentum has picked up after renewed engagement from lawmakers and the White House. He described recent meetings in Washington that included leaders of both crypto and traditional banking, suggesting that the political appetite to move legislation forward has strengthened after months of delays.
The Clarity Act is designed to clarify which digital assets are covered by securities laws and which will be overseen by the Commodity Futures Trading Commission. The bill has faced friction over the stablecoin’s reward provisions and whether crypto platforms should be allowed to offer incentives such as yields to users. The White House has reportedly set a target of March 1 to move the talks forward.
Garlinghouse called the bill incomplete but necessary. He noted that Ripple secured a federal court ruling that XRP is not a security, making it clear to the company that the industry still lacks more.
“The industry cannot remain in limbo,” he said, arguing that regulatory uncertainty has weighed on innovation and market sentiment.
His comments come amid a broader crypto pullback and renewed volatility in digital assets. While bitcoin and other tokens have struggled in recent weeks, Garlinghouse said Ripple is seeing increasing interest from corporate treasurers and financial institutions looking for stablecoins, liquidity management, and cross-border payments.
Ripple has spent about $3 billion on acquisitions through 2023, expanding into custody, prime brokerage, and treasury management, with Garlinghouse saying the company will hold off on big deals in the near term to focus on integration.
In addition to crypto-local firms, he noted that traditional financial players increasingly want clear rules to compete on a level playing field. He suggested that this shift reflects a dramatic shift in attitudes toward digital assets over the past few years.
If the Clarity Act moves forward, it could mark one of the most important legislative milestones for the US crypto sector to date.
Polymarket bettors are paying the bills. 82% chance of passing until the end of the year.