Ripple CEO Urges Banks to Act in 'Good Faith' on Clarity Act
Brad Garlinghouse, Ripple’s chief executive, said banks must act in “good faith” as the landmark Clarity Act moves forward, arguing that their cooperation is central to turning the law’s promises into practical outcomes. The comment reinforces Ripple’s long-running push for clearer rules and industry partnerships, and comes as lawmakers and market participants watch implementation closely. If banks step up, Garlinghouse and other industry leaders say the Clarity Act could speed mainstream access to tokenized assets, improve on-ramps and custody services, and reduce legal uncertainty for firms handling XRP and similar tokens. Conversely, slow or obstructive behavior by financial institutions could blunt the bill’s impact, leaving integration and innovation on hold despite new regulatory guardrails.