Ripple CEO Brad Garlinghouse has expressed a more measured outlook on the much anticipated Clarity Act, though he still يرى it as crucial for establishing a clear regulatory framework for the cryptocurrency industry in the United States.
In a recent post on X, Garlinghouse reflected on his journey, noting that when he joined Ripple 11 years ago, he never expected the industry would still be pushing so hard for regulatory clarity.
A Critical Moment for Crypto Regulation
In mid March, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint interpretive guidance seen as a major development for the crypto sector.
SEC Chair Paul Atkins stated that most crypto assets are not securities, a position many industry experts consider a major step toward reducing regulatory uncertainty. The guidance is widely viewed as helping create a safer and more predictable environment where digital assets can grow under clear and reasonable rules.
Speaking at the Semafor World Economy Summit, Garlinghouse described the collaboration between the two agencies as groundbreaking. He said it marked the end of a period where the industry faced legal pressure that was not fully supported by existing laws.
Despite this progress, he warned that without permanent legislation such as the Clarity Act, there remains a risk that future regulators could take a stricter approach similar to that of Gary Gensler.
Garlinghouse emphasized that while he still believes in the importance of the Clarity Act, his confidence in its passage is not as strong as it once was.
Reflecting on 11 Years at Ripple
Garlinghouse also used the moment to celebrate his 11 year tenure at Ripple. He joined the company in April 2015 as President and Chief Operating Officer before becoming CEO in January 2017.
Looking back, he highlighted the significant progress the cryptocurrency industry has made, particularly in its ongoing efforts to achieve clearer regulatory guidelines.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
