Ripple CEO Warns Crypto Bill Has 2 Weeks To Pass


#Ripple ($XRP) CEO Brad Garlinghouse says the US Senate has roughly two weeks to advance crypto market structure legislation before its chances of passing fall sharply. He made the remarks on May 5 at Consensus 2026 in Miami. The warning came as the Senate Banking Committee has yet to schedule a markup hearing on the Digital Asset Market Clarity Act.


"If it doesn't happen, then I think the likelihood is going to drop precipitously," Garlinghouse said. He pointed to the approaching midterm election cycle as the reason. Once campaigns intensify, he argued, there is little political bandwidth left for complex legislation. He added that #post-election prospects are even weaker.


The #CLARITYAct would create a federal framework for regulating digital assets for the first time. A central provision allocates oversight between the Securities and Exchange Commission (#SEC) and the Commodity Futures Trading Commission (#CFTC). The House passed its version last year. The Senate has moved more slowly, and two committees must approve the bill before it can advance.

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May 05, 2026 at 9:25 PM
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