Brad Garlinghouse told Fox Business he is optimistic about the outcome. According to him, real dialogue between Congress and the White House has finally returned, and regulatory clarity could arrive as soon as this spring.
“The probability that the Clarity Act will be passed by the end of April is as high as 90%,” he said.
The bill aims to draw a clear line between digital assets: which should be classified as securities under the SEC and which should fall under the supervision of the CFTC. For the crypto industry, this could become a turning point.
The main obstacle remains stablecoins. Lawmakers are still divided over whether crypto exchanges and platforms should be allowed to pay interest to users for holding their coins.
The Trump administration has set March 1 as the deadline to resolve all outstanding disagreements.
“The bill is not perfect, but it is urgently needed, especially after Ripple proved in court that XRP is not a security. While other projects remain trapped in a gray area, we already have clear legal protection,” Garlinghouse said.
Despite Bitcoin’s recent pullback and sharp swings in volatility, institutional players continue to push deeper into the market. Corporate treasuries and major funds are actively exploring stablecoins for liquidity management and faster cross-border payments. Traditional banks also need regulatory clarity to compete on equal terms with crypto companies.
Since 2023, Ripple has spent nearly $3.0 B acquiring companies in custody, prime brokerage, and corporate treasury management. The company is now focused on integrating these businesses, which is why it has paused new acquisition deals for now.
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