Ripple CEO Backs CLARITY Act as White House Crypto Czar Signals Progress
Ripple CEO Brad Garlinghouse said he continues to back the CLARITY Act but warned certain provisions need refinement, signalling a pragmatic push for workable regulation rather than blanket opposition. His remarks came after White House crypto czar David Sacks suggested the bill, if enacted, would open the door for banks to participate more fully in crypto markets — a point Garlinghouse framed as important for mainstream adoption.
Why it matters: the CLARITY Act could provide clearer rules that encourage institutional banking involvement and reduce regulatory uncertainty for firms like Ripple and the XRP market. Garlinghouse’s conditional support helps build industry momentum, but his noted reservations underscore that lawmakers will still need to negotiate technical fixes before the bill can deliver broader bank integration and market stability.