Ah, the theatre of legislation! Our dear Brad Garlinghouse, the maestro of Ripple, has proclaimed with the confidence of a dandy at a soiree that the Clarity Act has an 80% chance of being passed by the end of April. How quaintly optimistic! One can almost hear the champagne corks popping in anticipation.
Garlinghouse, ever the pragmatist, urges the industry to embrace compromise rather than clinging to the ideal. After all, perfection is the enemy of progress, and who among us has not settled for a slightly tarnished silver spoon when the golden one remains out of reach?
Clarity, the Elusive Muse
The Senate Banking Committee, that august body, has been in a deadlock since January, a stalemate as dramatic as a Victorian melodrama. Coinbase, the prima donna of exchanges, withdrew its support after failing to secure a compromise on stablecoin yield and other trifling matters. How very tragic, yet utterly predictable.
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“We were perilously close to the Clarity Act entering the Banking Committee markup process, which would have been a triumph of reason over chaos,” Garlinghouse lamented, his tone dripping with the pathos of a spurned lover. “Clarity, my dear friends, is the beacon in the fog of regulatory ambiguity. The Clarity Act, while not without its flaws, is a step towards the light. Let us not allow the pursuit of perfection to blind us to the progress at hand.”
Ripple, ever the champion of legislative clarity, has been a vocal advocate for this bill, no doubt influenced by its own tempestuous relationship with the SEC. “Whether we like it or not,” Garlinghouse mused, “the fortunes of Ripple are tethered to the whims of the crypto industry. A rising tide lifts all boats, even the slightly leaky ones.”
The CLARITY Act remains mired in committee, but high-level negotiations are intensifying, like a flurry of letters exchanged between star-crossed lovers. Will they break the deadlock before the spring recess? Only time, that fickle mistress, will tell.
Recently, Ripple participated in a summit at the White House, a gathering of banking and crypto executives that ended in failure. How very Wildean-a room full of brilliant minds, yet no one could agree on anything. The administration, ever mindful of the approaching 2026 midterm election, is now applying pressure to finalize a framework. After all, nothing motivates like the specter of political consequences.
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2026-02-17 09:05