Garlinghouse and Bessent Call on Senate to Pass CLARITY Act Amid Crypto Market Uncertainty

Ripple CEO Brad Garlinghouse urged the US Senate to pass the CLARITY Act, calling it a 'serious policy deal' rather than a compromise. He praised Treasury Secretary Scott Bessent for his support of the bill, which aims to ensure US leadership in stablecoins and protect community banks.

Garlinghouse said that Senators have worked hard to reach this final draft and should stand behind it, reminding them that 'the world is watching' and voters are paying attention. He emphasized that passing the crypto bill could impact the industry's support and the community's vote in the upcoming midterm elections.