Ripple CEO Says Clarity Act Is About Protecting Interests of Americans

Ripple CEO Supports White House Ultimatum to Banks on Clarity Act

Ripple CEO Brad Garlinghouse has publicly endorsed a recent ultimatum from the White House directed at traditional banks regarding the passage of the U.S. Clarity Act. Garlinghouse stated on the X social media platform that the legislation's passage is crucial for protecting the American public and serves as a direct message to those obstructing its progress.

Garlinghouse's Stance on the Clarity Act

Garlinghouse has consistently advocated for the Clarity Act's advancement, urging industry figures not to let the pursuit of perfection hinder progress, emphasizing that "clarity is better than chaos." He estimates an 80% to 90% probability of the Clarity Act passing by the end of April 2026. He previously advised banks to negotiate in "good faith," noting that a compromise is still possible.

White House and Industry Reactions

The White House has criticized banks for attempting to undermine The Genius Act or hold The Clarity Act hostage, especially while reporting record profits. Meanwhile, Coinbase CEO Brian Armstrong led a delegation that visited the White House. This visit is significant given Armstrong's prior rejection of the Senate's stablecoin provisions.

Debate on Digital Asset Regulation

JPMorgan CEO Jamie Dimon argued that any digital asset offering yield should be subject to stringent banking regulations, stating, "If you're going to be holding balances and paying interest, that's a bank. You should be regulated like a bank." Patrick Witt, a White House advisor on crypto issues, countered Dimon's argument, calling it "deceitful" to suggest that paying yield automatically requires bank-like regulation.