Ripple chief executive Brad Garlinghouse urged continued engagement with US lawmakers as the Senate considers a crypto market structure framework.
Garlinghouse said the proposed CLARITY Act represents a major step towards long-awaited regulatory clarity for digital assets.
“While long-overdue, this move by Senator Tim Scott and Senate Banking GOP on market structure is a massive step forward,”
Brad Garlinghouse said.
He said workable rules are essential for consumer protection and long-term industry stability.
“We are at the table and will continue to move forward with fair debate,”
Brad Garlinghouse said, adding that he remains optimistic about resolving disputes during the markup process.
The legislation stalled after Coinbase withdrew support, prompting the Senate Banking Committee to delay its markup.
The dispute centres on a proposed ban on stablecoin yield and stricter compliance requirements for DeFi platforms.
Garlinghouse later reiterated his position at the CfC St. Moritz conference following the delay.
“Clarity is always better than chaos, and the industry needs clarity,”
Brad Garlinghouse said.
He acknowledged the bill is imperfect but argued it is preferable to regulatory uncertainty.
“Is it perfect? No, certainly not, but is it better than nothing? Absolutely,”
Brad Garlinghouse said.
Ripple chief legal officer Stuart Alderoty backed the call for action, urging the Senate to move forward with clear guardrails.
Industry leaders said lawmakers face a limited window to reconcile differences before the 2026 midterm election cycle.