Ripple CEO Reaffirms Support for the US CLARITY Act… “A ‘Clear Framework’ for Innovation to Flourish”

Brad Garlinghouse, CEO of Ripple, has once again voiced support for the US crypto market structure bill, the CLARITY Act.

Posting on X, Garlinghouse said on the 21st (local time), “No bill has ever been perfect by everyone’s standards,” adding, “What we need is a ‘clear framework’ that allows innovation to flourish, and the CLARITY Act can provide that.” He added, “Even if there are differing views, I will keep saying it,” noting that “clarity matters more than confusion.”

Garlinghouse recently expressed his backing for the CLARITY Act in an interview. In that interview, he said, “The industry needs clear rules,” adding that “if all participants can understand the rules, the market can function even if the rules aren’t perfect at the outset.”

Deliberations on the CLARITY Act in the US Senate have not picked up pace. According to Bloomberg, the Senate Banking Committee is considering pushing back its review of the CLARITY Act by 1–2 months.

The committee had initially planned to conduct a markup on the CLARITY Act in mid-month. A markup is the final review stage in which a congressional committee examines legislation before sending it to the full chamber. However, the markup schedule was delayed amid industry pushback from companies such as Coinbase.