Ripple CEO Brad Garlinghouse Discusses XRP and the Future of the Cryptocurrency Market: “Clarity Act is Coming by April”

Ripple CEO Brad Garlinghouse, in an interview on Fox Business’s “Mornings with Maria,” estimated an 80-90% chance that the Clarity Act, which will bring regulatory clarity to the cryptocurrency markets, will pass the US Congress by April.

Garlinghouse added that the law would provide the long-awaited legal framework for the crypto sector.

Responding to questions from program host Maria Bartiromo, Garlinghouse stated that the Clarity Act would clarify federal market structure rules for digital assets. The law would define whether a token is a security or a commodity, establishing boundaries of jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Commission (CFTC). This regulation would reduce legal uncertainty, pave compliance pathways for exchanges and issuers, and increase institutional participation in the US crypto market.

Garlinghouse expressed optimism about the progress of the legislation, stating, “Meetings are currently underway at the White House, the Senate Banking Committee will be marking soon, and President Trump is pushing to move the legislation forward before the midterm elections.” However, the CEO noted that the legislation is stalled on the issue of stablecoin yields, explaining that banks do not want stablecoins to offer yields (as they see it as a threat to deposits), while the cryptocurrency sector defends it in the name of innovation. Garlinghouse, who stated that Coinbase withdrew its support for the legislation due to this disagreement, called for “compromise for progress rather than perfection.”

In addition, Garlinghouse reiterated his view that $XRP is definitely not a security.

In the interview, Garlinghouse also touched upon Ripple’s growth strategy, listing the company’s recent investments:

• In the custody sector, it acquired Metaco for $250 million (used by institutions such as Citi, SocGen and Deutsche Börse).
• Prime Brokerage acquired Hidden Road for $1.25 billion.
• For stablecoin payments, it launched a regulated dollar called RLUSD on XRPL and Ethereum.

Garlinghouse pointed out that Ripple is focusing on building trillions of dollars worth of infrastructure rather than the price of $XRP. “$XRP has been one of the best-performing major cryptocurrencies this year, and the rest of the sector will soon become clearer,” he added.

*This is not investment advice.