Ripple CEO Brad Garlinghouse said he now sees a 90% chance that the long-debated Clarity Act will be passed by the end of April, signaling growing confidence within the crypto industry that the US proposals could finally provide much-sought regulatory certainty.
Speaking on Fox Business, Garlinghouse said momentum had picked up following renewed commitment from sponsors and the White House. He described recent meetings in Washington attended by executives from the crypto and traditional banking industries, suggesting that the political appetite to advance the legislation has strengthened after months of delays.
The Clarity Act is designed to define which digital assets fall under securities laws and which would be overseen by the Commodity Futures Trading Commission. The bill has faced friction over stable reward provisions and whether crypto platforms should be allowed to offer yield-type incentives to customers. The White House has reportedly set a target of March 1 to advance negotiations.
Garlinghouse called the bill imperfect but necessary. Ripple, he noted, obtained a Federal Court ruling that XRP is not a security, giving the company clarity that much of the industry still lacks.
“The industry cannot live in limbo,” he said, arguing that regulatory uncertainty has weighed on innovation and market sentiment.
His comments come amid a broader crypto decline and renewed volatility in digital assets. While Bitcoin and other tokens have struggled in recent weeks, Garlinghouse said Ripple continues to see growing interest from corporate treasurers and financial institutions in exploring stablecoins, liquidity management and cross-border payments.
Ripple has spent nearly $3 billion on acquisitions since 2023, expanding into custody, prime brokerage, and treasury management. Garlinghouse said the company would pause on major deals in the near term to focus on integration.
Beyond crypto-native companies, he noted that traditional financial players increasingly want clearer rules to compete on a level playing field. This shift, he suggested, reflects the radical shift in attitude towards digital assets in recent years.
If the Clarity Act moves forward, it could mark one of the most significant legislative milestones yet for the U.S. crypto industry.
Oddsmakers at Polymarket give the bill an 82% chance of passing by the end of the year.