$XRP Ripple CEO Brad Garlinghouse recently noted significant advancements in U.S. crypto regulation, specifically pointing to the potential passage of the Digital Asset Market Clarity Act (CLARITY Act) by the end of May 2026.

Speaking at the Semafor World Economy Summit on April 13, 2026, Garlinghouse emphasized that the industry is "closer than ever" to securing lasting clarity, even as he slightly tempered his earlier optimism regarding the immediate timeline.

Key Advancements in U.S. RegulationCLARITY Act Momentum: The bill, which passed the House in July 2025, is currently being negotiated in the Senate Banking Committee. A committee markup is targeted for the final two weeks of April.Resolution of Disputes: Garlinghouse noted that a long-standing dispute over stablecoin yields—which had stalled the bill since January—is nearing resolution between banks and crypto firms.SEC and CFTC Alignment: He highlighted a "significant shift" marked by joint interpretive guidance and growing cooperation between the SEC and CFTC, which he believes ends the era of "regulation by enforcement".XRP Status: Garlinghouse recently celebrated his 11th anniversary at Ripple by highlighting that XRP is now officially recognized by U.S. regulators as a commodity rather than a security.Previous Legislation: The GENIUS Act (Guiding and Establishing National Innovation for United States Stablecoins), signed in July 2025, already established a framework for dollar-backed payment stablecoins, providing a foundation for the current CLARITY Act.

Potential Impact on the MarketInstitutional Participation: Garlinghouse believes these clear rules will finally allow major financial institutions to enter the market at scale.Bullish Outlook: Driven by these regulatory shifts, he forecasts that the total crypto market cap could reach new all-time highs by the end of 2026.XRP Utility: For Ripple, the bill would make XRP’s commodity status permanent federal law, potentially enhancing its competitiveness in institutional cross-border payments.