Ripple CEO Brad Garlinghouse gives the Clarity Act an 80% chance of passing by end of April, urging the industry to accept an imperfect bill over continued regulatory uncertainty.
The 80% Prediction
Garlinghouse said on Tuesday the Clarity Act came close to clearing the Senate Banking Committee markup process before stalling. He urged the industry to stop letting perfect be the enemy of good.
“I think it is so clear that clarity is better than chaos. The Clarity Act, as written, is not perfect. There’s things I don’t love about it. But let’s not let perfection get in the way of progress,” he said.
Ripple pushes hard for passage because of its own four-year SEC battle that ended with a federal judge ruling XRP is not a security.