Ripple chief executive Brad Garlinghouse confirmed that the company’s chief legal officer attended a White House meeting between cryptocurrency and banking representatives to discuss a digital asset market structure bill under consideration in the US Senate.
Garlinghouse said Stuart Alderoty met with officials following a similar Feb. 10 session on the CLARITY Act, which passed the House in July but has stalled in the Senate amid disagreements over stablecoin yield provisions and broader regulatory scope.
The renewed talks come as lawmakers seek to resolve differences over whether exchanges and intermediaries can offer rewards on stablecoin holdings, an issue that has divided banks and crypto firms and delayed progress on the bill.
The legislation has faced multiple setbacks, including two government shutdowns in 2025, Democratic concerns about conflicts of interest, and lobbying for additional provisions covering decentralised finance, tokenised equities and stablecoin yield.
A day before the White House meeting, policymakers including Michael Selig and two US senators met industry representatives at an event hosted by World Liberty Financial, where Senator Bernie Moreno said he expected the CLARITY Act could be ready to be signed into law “by April.”
In a statement, Crypto Council for Innovation chief executive Ji Hun Kim described the latest discussions as “constructive,” saying they aimed to build a framework that supports US consumers while reinforcing competitiveness.
The Senate Agriculture Committee has advanced its version of the bill, but the Senate Banking Committee has delayed its markup indefinitely following objections from Brian Armstrong, who warned that proposed restrictions on stablecoin rewards and potential shifts in authority toward the SEC could undermine the role of the CFTC.