Ripple and Firms Urge CLARITY Act to Clarify US Crypto Rules

Ripple is among nearly 120 firms urging the US “CLARITY Act” to reduce crypto regulatory uncertainty. The coalition includes OKX, Chainalysis, Chainlink Labs, and is backed by the Blockchain Association and the Crypto Council for Innovation. It wants the Senate Banking Committee to move faster so the US can set clearer agency responsibilities and more consistent market rules for crypto. The near-term focus is stablecoins. CFTC Chair Mike Selig said the CLARITY Act could eventually reach President Donald Trump for signature, but timelines remain uncertain. Senator Thom Tillis requested postponing the Senate Banking Committee review until May due to unresolved disputes over stablecoin yield/returns and whether additional investor protections should be added. For traders, the CLARITY Act is progressing, but headline volatility risk remains—especially around any May scheduling updates and any amendments that define how stablecoin yields are regulated and which agency has primary oversight.