Ripple’s CEO Thinks We’re Almost There! Is Congress Listening? 🤔💸

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In a world where crypto feels like a high-stakes game of Monopoly, Ripple‘s very own Brad Garlinghouse is waving his arms and shouting for calm! Yes, folks, he’s urging everyone to engage with Washington as the crypto market structure talks hit a bit of a bump-think speed bump rather than pothole, if you can.

Ripple’s Big Cheese Calls for Congressional Action: CLARITY Act is the Holy Grail! 🏆

Last week, on that social media platform known as X (formerly Twitter, because why not change things up?), our hero Brad shared his thoughts on the U.S. Senate Banking Committee’s latest moves on a crypto market structure bill. He was practically tapping his watch, reminding everyone that clarity in the digital asset world is just around the corner. Or at least, it better be!

The Senate Banking Committee GOP revealed the CLARITY Act, which, after six months of bipartisan back-and-forth (we’re talking political ping pong here), is supposed to provide some substantial ground rules for the wild west of crypto. Garlinghouse chimed in with a tweet, saying: “While long overdue-cue dramatic music-this move by Senator Tim Scott is a massive leap towards giving us something that resembles order in the chaos of crypto. After all, clarity is the new black!”

“We are indeed at the table and will keep pushing forward with fair debate. Optimism is my middle name!”

But wait! Just when you thought everything was on track, the bill stalled faster than a kid’s bike on a flat tire after Coinbase CEO Brian Armstrong decided to pull the plug on their support. Talk about a plot twist! Now, the Banking Committee is scratching its head, trying to figure out how to rewrite the bill without sending everyone into a panic. The drama revolves around a new “yield ban” on stablecoin rewards-because who doesn’t love a little interference from traditional banks, right?

Despite the hullabaloo, Garlinghouse remains steadfast, declaring that clarity is crucial. Meanwhile, Coinbase argues the draft is worse than what we’ve got. As lawmakers scramble before midterms, one can only hope they don’t trip over their own feet in the process!

Days later, Garlinghouse popped up again on video (because what’s better than an impromptu video statement, really?) at the CfC St. Moritz conference, reiterating, “Clarity is always better than chaos, and the industry needs clarity. The market structure bill? Not perfect, but hey, it’s better than nothing!” It’s all about those baby steps, right?

And in case you missed it, the wise words continued:

“We must keep working constructively with Washington… but let’s not throw in the towel just yet. We’re so close!”

Even Ripple’s chief legal eagle, Stuart Alderoty, jumped in with his two cents on Garlinghouse’s post, proclaiming, “Clear guardrails + market integrity = a stronger U.S. financial system. Senate, get your act together!” Clearly, the pressure is on for clearer crypto market rules as they juggle legislation affecting everything from bitcoin to XRP.

FAQ ⏰

  • Why is Ripple cheering for the CLARITY Act?
    Because, duh, it promises the much-needed structure and regulatory clarity for the crypto industry. It’s like a lifebuoy in stormy waters!
  • What’s Brad Garlinghouse’s take on the Senate’s bill?
    He thinks it’s a major step forward, even if it’s got a few wobbly bits-like a toddler learning to walk!
  • How does the CLARITY Act affect bitcoin and ethereum?
    It aims to provide clearer rules for crypto assets, making life just a tad more predictable.
  • Why did Coinbase hit the brakes on the CLARITY Act?
    They had a little freakout moment over the postponement and raised concerns about the ongoing legislative circus.

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2026-01-19 05:09