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Ripple News: Brad Garlinghouse says CLARITY bill has '90% chance' of passing by April

CoinDesk
Ripple CEO Brad Garlinghouse estimates the Clarity Act has a 90% chance of passing by April, citing increased momentum.

Summary

Ripple CEO Brad Garlinghouse expressed strong confidence, stating the long-debated Clarity Act has a 90% chance of passing by the end of April, driven by renewed engagement from lawmakers and the White House. The bill aims to clarify which digital assets fall under securities law versus Commodity Futures Trading Commission (CFTC) oversight. Garlinghouse acknowledged the bill is imperfect but necessary, noting that regulatory uncertainty hinders innovation, even as Ripple itself secured a favorable court ruling for XRP. The legislation has faced friction over stablecoin reward provisions, though the White House reportedly set a March 1 target for advancing negotiations. Garlinghouse also mentioned that Ripple is pausing major acquisitions to focus on integration, while traditional finance players are increasingly seeking clearer rules to compete.

(Source:CoinDesk)