CLARITY Act faces Senate fight as Ripple CEO calls for passage

Ripple CEO Brad Garlinghouse has called on U.S. lawmakers to pass the Digital Asset Market Clarity Act as the legislation faces renewed resistance from a group of Senate Democrats. Summary Brad Garlinghouse urged Congress to pass the CLARITY Act rather than wait for perfect legislation. Seven Senate Democrats opposed the latest draft, demanding stronger ethics, consumer protection, and enforcement safeguards. Brian Armstrong said the bipartisan bill is ready for a Senate vote after lengthy negotiations. Garlinghouse backed comments from Ripple Chief Legal Officer Stuart Alderoty, who argued that lawmakers should not abandon the bill while seeking a perfect compromise. The renewed industry push follows the release of updated legislative text as Congress approaches its August recess. Garlinghouse responded to Alderoty’s call for lawmakers to move the legislation forward despite unresolved disagreements. Ripple has supported federal crypto market structure legislation throughout the current congressional negotiations. “Perfect can’t be the enemy of good. Let’s get this done!,” said Garlinghouse. Alderoty described the CLARITY Act as a consumer protection measure that would strengthen ...