Ripple’s CEO, Brad Garlinghouse, stated that the probability of the CLARITY Act, known as the crypto law in the United States, being adopted by the end of April has reached 90 percent. Garlinghouse’s assessment came to the fore with the perception that there is serious momentum towards crypto regulations in the capital Washington, following the delays in the Senate in recent months. While uncertainties surrounding crypto assets in the US have dominated the industry for years, the bill could provide an opportunity for institutions to enter crypto spot markets with clear definitions and a regulatory framework.
Latest Status in Crypto Regulations
The Digital Asset Market Clarity Act, known as the CLARITY Act, passed the House of Representatives as Bill 3633 in 2025 by a vote of 294 to 134. However, the bill did not advance due to jurisdictional debates in the Senate. Garlinghouse; He emphasized that the new meetings with banking sector representatives and the agreement reached with crypto company executives were effective in overcoming the blockage.
Scope of the Law and its Effects on the Sector
The main purpose of the CLARITY Act is to clarify the areas of securities and commodity supervision for blockchain-based assets and stablecoins. The law could provide the industry’s long-awaited framework by demarcating jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). SEC Chairman Paul Atkins announced that the commission is coordinating with the CFTC within the scope of “Project Crypto”.
Within the scope of the regulations, items regarding whether stablecoins can offer returns are on the table. This debate had previously caused the bill to slow down in the Senate Banking Committee. Garlinghouse, who serves as the head of the Torpedo, stated that legal clarity is required for institutions to enter the market effectively.
Possible Consequences for XRP and Institutional Investors
Ripple, which is behind XRP, has taken a position on custody and treasury solutions, especially with $3 billion in company acquisitions since 2023. In the case filed in the USA, an important decision was made stating that XRP was not a security. Only a clear legal regulation at the federal level can permanently register this status.
If the legal framework expected by institutions to enter the cryptocurrency markets is established, a mass return to projects that are liquid and have real use may come to the fore. The passage of the bill in April may have the potential to re-attract the attention of major players, especially in the market that has seen a recent decline.
While one of the most important topics in the CLARITY Act is the regulation on the return of stablecoins, it was stated that the White House set a negotiation calendar until March 1 to reach a conclusion on this topic during the talks held in Washington.
Garlinghouse stated that companies’ treasuries and financial managers are particularly interested in stablecoin and cross-border payment applications; However, he pointed out that what is essentially expected is clear regulatory policies at the federal level.
“We are seeing CFOs and treasuries of companies taking action to explore how they can benefit from stablecoins, but clear federal rules are awaited before large-scale capital movement,” said Brad Garlinghouse.
