Ripple CEO Brad Garlinghouse said he now sees a 90% chance that the long-debated Clarity Act will pass by the end of April, signaling growing confidence within the crypto industry that US lawmakers can finally deliver long-sought legislative certainty.
Speaking on Fox Business, Garlinghouse said momentum has accelerated following renewed engagement from lawmakers and the White House. He described recent meetings in Washington that included executives from both crypto and traditional banking, suggesting that political appetite to advance the legislation has strengthened after months of delays.
The Clarity Act is designed to define which digital assets fall under securities laws and will 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 return-like incentives to customers. The White House has reportedly set a target of March 1 to push the negotiations forward.
Garlinghouse framed the bill as imperfect but necessary. Ripple, he noted, secured a federal court ruling that XRP is not a security, giving the company clarity that much of the industry is still missing.
“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 crypto pullback and renewed volatility across digital assets. While bitcoin and other tokens have struggled in recent weeks, Garlinghouse said Ripple continues to see increasing 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 on major deals in the short term to focus on integration.
In addition to crypto-native companies, he noted that traditional financial players increasingly want clearer rules to compete on a level playing field. This shift, he suggested, reflects the dramatic change in attitudes toward digital assets over the past few years.
If the Clarity Act moves forward, it could mark one of the most important regulatory milestones for the US crypto sector to date.
Polymarket punters give the bill an 82% chance of passing before the end of the year.
