XRP Surges to $1.44 as Ripple CEO Downplays CLARITY Act Failure

XRP surged to $1.4415 on Saturday as Ripple CEO Brad Garlinghouse downplayed the failure of the CLARITY Act, a landmark crypto market structure bill.

Garlinghouse believes that cryptocurrency will ultimately prevail regardless of whether the Clarity Act manages to clear Congress. He noted that when you have a technology that's better, faster, and stronger, it usually wins.

The Ripple CEO argued that the existing financial system has failed to keep pace with technological change, adding that he questions why the United States would risk surrendering its leadership position to overseas markets.