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- Ripple CEO Brad Garlinghouse said the push for the CLARITY Act has gone well and a deal now looks imminent.
- He said he expects the bill to pass by the end of May, later than the April target.
Ripple’s CEO, Brad Garlinghouse, says it’s a long time against the CLARITY Act perhaps eventually reaching a point where frustration turns to tolerance.
Speaking at the Semafor World Economy event on April 13, Garlinghouse he said negotiations between banks and crypto representatives seem to be approaching a resolution after months of chaos, especially around stablecoin productivity.
“The more vulnerable people are, the more willing they are, and it works,” he said. “I think we are there.”
Garlinghouse says the Senate term is almost over
This is important because the CLARITY Act has been one of the most watched crypto issues in Washington, not only for what it could mean for regulation, but also for what it says about whether companies and banks can still find common language.
Garlinghouse’s comments show that private negotiations have gone further than public noise would suggest. They now expect the bill to pass by the end of May, a slight delay from earlier estimates that had predicted it would pass by the end of April.
Changing times is not easy. It shows how difficult the last stretch has been, especially when lawmakers, banks and crypto companies have fought for stablecoin providers to be allowed to offer yields and how far the law should go in defining digital services.
Ripple links the bill to a major economic revolution
Garlinghouse also used the discussion to place Ripple’s strategy within the context of a broader policy shift. The company continues to build partnerships with financial institutions in many areas, with XRP and RLUSD as tools that can help bridge the gap between traditional currencies and crypto infrastructure.
This arrangement is well known in Ripple, but it is different from what is happening. If the CLARITY Act moves forward, it could provide companies like Ripple with a clear legal framework for transactions and partnerships that are often made in an uncertain environment.
For now, Garlinghouse isn’t claiming victory. But the tone was tougher than it had been in the past few weeks, suggesting that negotiations in Washington may be moving, finally, from crisis to legislative deadlock.
