Ripple CEO Brad Garlinghouse said he now sees a 90% chance that the long-debated Clarity Act will be passed by the end of April, signaling growing confidence within the crypto industry that US lawmakers will finally be able to provide the long-sought regulatory certainty.
Speaking to Fox Business, Garlinghouse said momentum has accelerated following renewed commitment from lawmakers and the White House. He described recent meetings in Washington that included leaders from both cryptocurrency and traditional banking, suggesting that political appetite to advance legislation has strengthened after months of delays.
The Clarity Act is designed to define which digital assets are subject to securities laws and which would be overseen by the Commodity Futures Trading Commission. The bill has faced friction over stablecoin reward provisions and whether crypto platforms should be allowed to offer performance-like incentives to customers. The White House has reportedly set a target of March 1 to jump-start negotiations.
Garlinghouse called the bill imperfect but necessary. Ripple, he noted, obtained a ruling from a federal court that XRP is not a security, giving the company clarity that much of the industry still lacks.
“The industry cannot live in limbo,” he said, arguing that regulatory uncertainty has weighed on innovation and market sentiment.
His comments come amid a broader cryptocurrency pullback and renewed volatility in digital assets. While bitcoin and other tokens have struggled in recent weeks, Garlinghouse said Ripple continues to see growing interest from corporate treasurers and financial institutions exploring stablecoins, liquidity management and cross-border payments.
Ripple has spent nearly $3 billion on acquisitions since 2023, expanding into custody, prime brokerage, and treasury management. Garlinghouse said the company will pause major deals in the near term to focus on integration.
Beyond crypto-native companies, he noted that traditional financial players increasingly want clearer rules to compete on a level playing field. That shift, he suggested, reflects the dramatic shift in attitudes toward digital assets in recent 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 give the bill an 82% chance of passing before the end of the year.
