#Ripple CEO Brad Garlinghouse has reaffirmed his support for the Clarity Act, urging lawmakers and the crypto industry to keep pushing the bill forward.
Garlinghouse’s recent comments came on the back of a surprise delay, which halted the progress of the bill in the Senate following Coinbase CEO Brian Armstrong’s decision to withdraw support.
The Ripple CEO argued that clear legislation, even if imperfect, would benefit the industry more than the ongoing uncertainty. He called on industry leaders to work with lawmakers, present improvements, and resist the temptation to abandon the effort.
Key Data Points
The Senate delayed a markup on the Clarity Act after Republicans released last-minute revisions that led to pushbacks. Coinbase CEO Brian Armstrong withdrew support, pointing out multiple imperfections with the bill. Ripple CEO acknowledged these imperfections but insisted that a flawed bill is better than the current uncertainty in the market. Cardano’s Charles Hoskinson expressed doubt that the bill will pass soon and criticized U.S. policy for favoring banks over innovators.
“Clarity is Better Than Chaos”
Notably, Garlinghouse expressed his support for the bill in a recent commentary. The Ripple CEO acknowledged that the bill still needs work but insisted that clear rules beat confusion and uncertainty. “Clarity is better than chaos, and the industry needs clarity,” he remarked.
According to him, the crypto industry works better when everyone understands the rules, even if the first version of those rules falls short of perfection. Garlinghouse pointed out that regulatory uncertainty is damaging, arguing that companies need something firm to build around.
He noted that the industry should stay in the conversation, suggest improvements, and work with lawmakers rather than walk away in frustration.
