Ripple CEO backs CLARITY Act, urges regulatory clarity for crypto market

Ripple CEO Brad Garlinghouse has voiced strong support for the U.S. Senate Banking Committee’s push on the CLARITY Act, a proposed crypto market structure bill aimed at providing clearer regulatory frameworks for the digital asset industry.

Responding on X, Garlinghouse praised the effort led by Senator Tim Scott and Senate Banking Republicans, calling it a “massive step forward” toward workable rules for crypto while protecting consumers. He stressed that Ripple will remain actively engaged with lawmakers and expressed optimism that outstanding issues can be resolved during the markup process.

The bill, however, stalled on Jan. 15 after Coinbase CEO Brian Armstrong withdrew support, citing concerns over new provisions such as a ban on stablecoin yield and stricter KYC requirements for DeFi front-ends. While Coinbase argues the revised draft is worse than the current regulatory environment, Garlinghouse maintains that imperfect clarity is still better than none.

Speaking later at the CfC St. Moritz conference, Garlinghouse reiterated that the industry is close to meaningful regulatory progress and urged continued constructive engagement with Washington. Ripple’s chief legal officer Stuart Alderoty echoed this stance, calling on the Senate to act and establish clear guardrails to strengthen the U.S. financial system.