CLARITY Act Advances Through Senate Stages

The CLARITY Act is entering its final stage in the Senate. Ripple is making a strong case for why lawmakers should pass it. With President Donald Trump set to meet senators at the White House on Thursday to discuss the bill, the crypto industry is hoping to get it across the finish line. They hope to succeed before Congress begins its August 7 recess.

For Ripple, the bill isn’t just another piece of legislation. Instead, it’s about finally bringing clear rules to the U.S. crypto market.

Ripple: “Don’t Repeat the Same Mistakes”

Ripple’s Chief Legal Officer Stuart Alderoty warned that rejecting the CLARITY Act would only keep the current regulatory confusion alive.

“A vote against the CLARITY Act is a vote to leave the same unregulated conditions in place to be exploited by bad actors,” he said. “We’ve seen this movie. Let’s not watch the sequel.”

After spending four years fighting the SEC over XRP, Ripple says the industry needs clear laws. Rather than regulation through enforcement, they want clarity.

Consumer Protection Is the Main Focus

Ripple’s Head of U.S. Public Policy, Lauren Belive, says voting against the bill is “anti-consumer.” She argues that the same regulatory gaps that allowed the FTX collapse still exist today, leaving investors without clear protections.

According to Belive, the CLARITY Act would fix this by clearly dividing oversight between the SEC and CFTC. It would also set clear compliance standards. In addition, it would give consumers confidence about who regulates digital assets.

“Good actors will always do the right thing, but consumers deserve a level playing field,” she said, adding that opposing the bill simply preserves the status quo that failed investors.

Coinbase Wants Rules Locked Into Law

Coinbase also threw its support behind the bill. Speaking recently, the exchange’s Chief Policy Officer said regulators have already started adopting sensible crypto policies. However, Congress now needs to make them permanent. 

“The policy changes have already occurred. We simply want the law to catch up,” he said, adding that the company is “very confident” the legislation will eventually pass.

One Last Hurdle

The biggest obstacle remains the ethics provisions. Democrats want tighter restrictions on public officials’ crypto business interests before offering the votes needed to reach the 60-vote threshold.

Still, there are signs of progress. Senator Thom Tillis said negotiators are “close” to a deal. Meanwhile, Senator Cynthia Lummis hinted that a revised draft could arrive soon. With Trump now directly involved in the discussions, the next few days could decide whether the CLARITY Act finally becomes the regulatory framework the U.S. crypto industry has been waiting for. 

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