Garlinghouse Urges Quick Passage of CLARITY Act — Don’t Let ’Perfect’ Block Crypto Law
Ripple CEO Brad Garlinghouse backed Trump crypto advisor Patrick Witt’s call to pass market-structure crypto legislation quickly, arguing that “let not perfection be the foe of good.” Witt warned that delaying risks Democrats imposing stricter rules after a future crisis and said a CLARITY Act-style bill that assigns SEC vs. CFTC jurisdiction is forthcoming and necessary. Both warned the current favorable window — unified GOP control, crypto-friendly regulators, and industry growth — won’t last. Garlinghouse said regulatory clarity would unlock institutional adoption and resolve long-running uncertainty around XRP’s classification, enabling product launches and partnerships in the U.S. Witt acknowledged the bill isn’t perfect and urged amendments and compromise to secure the 60 Senate votes required. The debate centers on timing: pass an imperfect but enabling law now, or risk harsher regulation later.
Bullish
Passing a market-structure bill that clarifies SEC vs CFTC jurisdiction and reduces legal uncertainty is materially positive for crypto markets, particularly for tokens like XRP that have faced regulatory disputes. Regulatory clarity lowers institutional entry barriers, encourages product launches, and reduces enforcement tail-risk — all bullish drivers. The call to pass an imperfect but enabling law suggests accelerated legislative progress; traders typically react positively to reduced regulatory uncertainty. Short-term: expect positive sentiment and potential price appreciation on pro-clarity news, plus volatility around legislative updates and amendment negotiations. Long-term: clearer frameworks can support greater institutional flows, higher liquidity, and broader on‑ramps, sustaining appreciation over time. Caveats: if the final bill contains restrictive provisions or fails to pass, or if political shifts produce harsher rules later, the effect could reverse. Historical parallels: when jurisdictions clarified crypto rules (e.g., specific ETFs approval guidance or clearer tax/regulatory statements), markets saw inflows and price gains; conversely, sudden regulatory crackdowns have been bearish. Overall, current rhetoric and high-probability passage prospects point to a net bullish impact, but traders should monitor bill text, Senate votes, and amendment outcomes for risk management.