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Brad Garlinghouse marked his 11th anniversary at Ripple this week with a day in Washington that left him more positive than he has been in years. After meetings with Senators Hagerty, Bernie Moreno, Tim Scott, John Boozman, and Patrick Witt, and an appearance at the Semafor World Economic Summit, the Ripple CEO said the message for the crypto industry is clear: the window for the CLARITY Act is open and now is the time to act.
“Yesterday, I celebrated 11 years at Ripple. Back then, I couldn’t have predicted that we’d still be fighting for regulatory clarity… After a day in DC having great conversations with [@SenatorHagerty], [@berniemoreno], [@SenatorTimScott], [@JohnBoozman] and…” — Brad Garlinghouse (April 14, 2026)
The CLARITY Act is described as the most significant piece of crypto market structure legislation currently moving through the U.S. Senate. The bill is intended to establish clearer rules for when a digital asset is a security versus a commodity—an issue that has left the industry operating in a grey zone for years and has enabled regulators to pursue enforcement actions rather than write rules.
Senator Hagerty, one of the bill’s key champions and a senator Garlinghouse met with this week, said last week he believed the bill could clear the Banking Committee during the current work period and reach the full Senate floor before the end of April.
However, there is currently no confirmed markup session scheduled for the Senate Banking Committee next week. That absence could indicate the end-of-April target is possible but not assured. For those tracking the bill closely, the next realistic window is the week of April 27.
Ron Hammond, Head of Policy at market maker Wintermute, estimated the odds of the CLARITY Act passing in 2026 at 30%. He cited political friction, stalled negotiations, and shifting timelines as reasons the bill faces long odds despite strong industry support.
Attorney John Deaton, described as a vocal legal advocate for the crypto industry, issued a similar warning. If the bill stalls into summer, he said the window does not just narrow—it closes, with senators potentially shifting attention toward midterm election positioning and legislation without broad bipartisan urgency more likely to be sidelined in favor of issues with clearer voter appeal.

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