Garlinghouse Fires Back at CLARITY Act Skeptics: 'Real Trades Were Made'
Ripple CEO Brad Garlinghouse has responded to Treasury Secretary Scott Bessent's support for the CLARITY Act, saying that the bill 'isn't just a compromise'. According to Garlinghouse, the bill represents the product of real trades made by policymakers to get to this point.
This pushback comes after Bessent reaffirmed his support for the bill, which has been met with skepticism from some quarters. The CLARITY Act aims to clarify and streamline certain regulations related to cross-border payments, a key area of focus for Ripple and its XRP token.
Garlinghouse emphasized that the trades made by policymakers were not 'small', implying that significant concessions were made in order to reach an agreement on the bill. This response is likely aimed at addressing concerns that the CLARITY Act represents a watered-down version of earlier proposals.