Ripple CEO links U.S. crypto lead to CLARITY Act

Ripple CEO Brad Garlinghouse said on Sept. 3 that making the United States the global center of the cryptocurrency industry remains “within reach,” while urging policymakers to complete the country’s regulatory framework. Summary Ripple CEO Brad Garlinghouse said making America the global crypto capital remains within reach. His statement followed an August White House meeting involving financial, technology and cryptocurrency industry executives. CFTC Chair Michael Selig said the administration wants financial innovation built within the United States. The CLARITY Act faces a September 15 cloture vote requiring sixty senators to support advancement. House scheduling leaves Congress limited time to reconcile and pass any amended Senate version afterward. Garlinghouse made the statement after Commodity Futures Trading Commission Chair Michael Selig discussed an August White House gathering involving executives from cryptocurrency, finance and technology companies. “Making America the crypto capital of the world is within reach — let’s finish the job,” Garlinghouse said. The comment represents Garlinghouse’s policy position rather than confirmation that the United States has achieved...