Ripple CEO Brad Garlinghouse said “we’re there” on the Clarity Act passing as frustration peaks and lawmakers finally compromise.
The ‘We’re There’ Moment
Garlinghouse told Semafor on Monday that he remains optimistic the Clarity Act will pass despite being less confident than before.
“Some of the smartest people and Washington insiders that I know have said to me when people are at their peak frustration, that’s when they finally compromise and it gets done,” Garlinghouse said. “I think we’re there.”
He called the SEC and CFTC joint statement two weeks ago “truly groundbreaking” and said it ended an era of lawfare against the industry.
However, he stressed that without codified legislative permanence, the risk remains that the next SEC returns to former Chair Gary Gensler’s approach.
“I think that’s bad for the United States. I think it’s …