Ripple CEO Brad Garlinghouse said he believes there is now a 90% likelihood that the Clarity Act will be approved before the end of April, reflecting rising optimism within the cryptocurrency sector that U.S. legislators could soon provide the regulatory clarity the industry has been seeking for years.
Garlinghouse: CLARITY Act Now Has High Probability of Clearing Congress by April
The US CLARITY Act, a long-debated bill aimed at providing greater clarity for the US crypto industry, could clear Congress by April, according to Ripple CEO Brad Garlinghouse.
During an appearance on Fox Business, Garlinghouse said progress has picked up pace amid fresh discussions involving lawmakers and the White House. He pointed to recent talks in Washington attended by executives from the cryptocurrency sector alongside representatives of the traditional banking industry, indicating that support for advancing the legislation has grown following a prolonged period of setbacks amid partisan politics and industry concerns.
The Clarity Act aims to establish clear boundaries for digital asset regulation, specifying which tokens would be treated as securities and which would fall under the authority of the Commodity Futures Trading Commission. The proposal has encountered resistance, particularly around provisions tied to stablecoin rewards and the broader question of whether crypto platforms such as Coinbase should be permitted to offer yield-style rewards.
Reports indicate that the White House has set a March 1 deadline to accelerate discussions and advance negotiations.
Garlinghouse acknowledged that while the legislation may not be flawless, it represents a necessary step forward. He pointed out that Ripple previously obtained a federal court decision determining that XRP does not qualify as a security — clarity he said remains absent for many other players in the sector.
“The industry can’t live in limbo,” Garlinghouse said, emphasizing that regulatory ambiguity has continued to hinder both innovation and overall market confidence.
Should the Clarity Act move forward, it would represent one of the most consequential legislative developments for the U.S. cryptocurrency industry in recent years.
Ripple Is Primarily Focused On Integration This Year
Garlinghouse’s remarks arrive against the backdrop of a wider market retreat and heightened turbulence across digital assets. Despite recent weakness in Bitcoin and other cryptocurrencies, he said Ripple is still witnessing rising engagement from corporate treasury teams and financial institutions evaluating use cases such as stablecoins, liquidity optimization, and international payment solutions.
Since 2023, Ripple has committed close to $3 billion toward acquisitions, broadening its footprint across areas including digital asset custody, prime brokerage services, and treasury infrastructure. Garlinghouse said his company plans to temporarily step back from additional large-scale acquisitions as it prioritizes integrating its recent purchases.
XRP, the digital asset commonly linked to Ripple, currently ranks as the fourth-largest cryptocurrency, boasting a market capitalization of roughly $85 billion. The payments-focused token is trading hands near $1.40, based on figures from CoinGecko.
Source: https://zycrypto.com/ripples-garlinghouse-predicts-90-likelihood-clarity-act-will-pass-by-april-boosting-xrp-optimism/
