Ripple CEO urges Senate to advance Clarity Act for crypto market stability within two weeks.

Ripple CEO Brad Garlinghouse emphasized the importance of the U.S. Senate scheduling a hearing on the Digital Asset Market Clarity Act within the next two weeks to ensure the bill's survival. The legislation aims to provide clear regulations for the crypto market, particularly addressing stablecoin yield rules to balance innovation and banking regulations. Garlinghouse highlighted that codifying these policies into law is crucial to prevent future regulatory reversals, despite compromises in the bill. The stablecoin market is expected to grow significantly, reaching $3 trillion by 2031, underscoring the need for regulatory clarity.