In a recent statement, Ripple CEO Brad Garlinghouse expressed optimism regarding the potential passage of the CLARITY Act, contingent on the resolution of ongoing disputes between the banking and cryptocurrency sectors over stablecoin rewards. According to the official information, this legislation could provide much-needed clarity for the industry.
Garlinghouse's Optimism on the CLARITY Act
Garlinghouse highlighted that while the CLARITY Act is not without its flaws, he believes there is a significant likelihood—around 80%—that it could be signed into law by the end of April. This legislation aims to provide clearer regulatory guidelines for digital assets, which could benefit both the banking and crypto industries.
Importance of Stablecoin Rewards Dispute Resolution
The resolution of the stablecoin rewards dispute is seen as a crucial step in advancing the bill through Congress.
Former White House crypto adviser Bo Hines expressed hope for the CLARITY Act's future despite delays, contrasting with Ripple CEO Brad Garlinghouse's optimism. For more details, see read more.
