Ripple CEO Breaks Silence After CLARITY Act Vote Fails: XRP’s Legal Footing Unchanged

Garlinghouse expects the SEC and the CFTC to pick up more of the regulatory work while Congress remains stuck on legislation. The US Senate failed to advance the Digital Asset Market CLARITY Act on Tuesday, falling short of the 60 votes needed to send the bill toward a final vote. Ripple CEO Brad Garlinghouse says the setback stings, but it won’t change what his company is doing. Garlinghouse Calls the Vote a Missed Opportunity Writing on X shortly after the vote, Garlinghouse said his team and most of the industry gave everything they had trying to get the CLARITY Act across the finish line, calling the fight an opportunity that went beyond Ripple alone. He argued that consumers and American competitiveness in digital finance were the ones who lost out, and said a review of what went wrong is coming. In his view, Democratic politics got prioritized over good policy. Still, he did not frame the failed vote as the end of US crypto policy efforts. Garlinghouse expects the SEC and CFTC to continue rulemaking to fill the gap left by Congress. Ripple, he added, will remain involved in that process. “Ripple’s business has never been stronger,” he wrote, pointing to demand across traditio...