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CLARITY Act's progress hinges on Senate action within two weeks, warns Ripple CEO Brad Garlinghouse.

Market News
06 May 2026
Crypto news
View Source
Neutral
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Ripple CEO Brad Garlinghouse warned that the CLARITY Act, a key digital asset market structure bill, risks losing momentum if the Senate does not act within the next two weeks. A recent compromise on stablecoin yields by Senators Thom Tillis and Angela Alsobrooks removed a major obstacle, but the bill still faces several legislative steps including Senate Banking Committee approval. Delays could push the bill into the politically charged 2026 midterm election cycle, reducing its chances of passage. Garlinghouse emphasized that while the bill is imperfect, regulatory clarity is crucial for the crypto industry.

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