Ripple cites White House ‘Clarity Act meeting’… “compromise mood is building”

Ripple, which issues XRP, said that “the mood for compromise is building” regarding the White House meeting on the crypto market structure bill (the Clarity Act).

Stuart Alderoty, Ripple’s chief legal officer (CLO), said on X (formerly Twitter) on the 10th (local time) that “we had a productive meeting at the White House today,” adding that “the mood for compromise is building.”

The White House convened the crypto industry and major banking groups for a meeting on the Clarity Act that day. The central issue was whether stablecoins should be allowed to pay interest. It was reported that the gap between banks and the crypto industry over stablecoin interest payments was not narrowed during the meeting.

However, the crypto industry signaled its willingness to continue negotiations immediately after the meeting. Summer Mersinger, CEO of the Blockchain Association, said that day, “There has been progress in that stakeholders are discussing constructively to resolve outstanding issues.”

Alderoty stressed that “the bipartisan momentum toward a sensible Clarity Act still remains.” He said, “With the window of opportunity open now, we must take action and deliver tangible results for consumers and for the United States.”