Ripple CEO Pushes for CLARITY Act to Clear Path for XRP

Ripple CEO Brad Garlinghouse is calling on the Senate to move forward with the Digital Asset Market CLARITY Act. He argues that the bill is the final major barrier preventing XRP from reaching full institutional scale. The company believes that current legislative delays leave users vulnerable to the same issues that led to the collapse of FTX.

Ripple Chief Legal Officer Stu Alderoty describes the legislation as a vital consumer protection tool. He emphasizes that the bill provides necessary anti money laundering requirements and gives law enforcement better tools to stop bad actors. Senator Cynthia Lummis is also advocating for the bill, positioning it as a way to sharpen market oversight and hold firms accountable.

Opposition remains from a group of Senate Democrats who want stronger safeguards before allowing a floor vote. Ripple is now ramping up pressure by highlighting support from major financial firms like Fidelity and Goldman Sachs. These institutions are pushing for clear rules to help them participate in the market safely.

For XRP, the passage of this act could be a major turning point. Clear statutory classification would likely remove the regulatory uncertainty that keeps some large investors away from the ecosystem. Traders should watch for any movement in the Senate, as a breakthrough could change how major institutions view the asset.