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Ripple CEO blames Democrats for CLARITY Act failure, promises detailed review soon

Market News
15 Sep 2026
Coingape
View Source
Bearish
Ripple CEO blames Democrats for CLARITY Act failure, promises detailed review soon

Ripple CEO Brad Garlinghouse criticized Democratic politics for the Senate's failure to advance the CLARITY Act, a crypto regulation bill, calling them the "anti-crypto army." The Senate voted 50-49 against proceeding with the bill, marking a setback for the crypto industry. Despite this, Garlinghouse remains optimistic about future crypto regulation in the U.S., citing ongoing efforts by the SEC and CFTC to fill regulatory gaps. He also assured that Ripple's business remains strong and unaffected by the vote outcome.

XRP (Ripple) is trading at Rp22.763 on Pluang as of Sep 16, 2026 04:27 WIB, down 10.98% in one day, showing a sharp decline compared to its circulating supply at 63% of total XRP. Despite the political setback with the CLARITY Act, XRP's market cap remains substantial at Rp1.414,85 trillion, while the majority of Pluang users are selling (71%) rather than buying (29%), with a typical hold time of 71 days.

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