Brad Garlinghouse Says Crypto Regulation Is “Closer Than Ever” as Senate Votes on CLARITY Act

The post Brad Garlinghouse Says Crypto Regulation Is “Closer Than Ever” as Senate Votes on CLARITY Act appeared first on Coinpedia Fintech News

The U.S. crypto industry is heading into one of its biggest regulatory moments yet as the Senate Banking Committee prepares to vote Thursday on the CLARITY Act, a major crypto market structure bill designed to finally bring clear rules to digital assets after years of uncertainty between the SEC and CFTC.

The legislation would define which crypto assets qualify as securities and which fall under commodities regulation, while also setting compliance rules for exchanges, brokers, dealers, stablecoins, and self-custody protections. The bill also includes anti-money laundering requirements and new oversight for Bitcoin ATMs.

Ripple CEO Sees Major Shift in Washington

For many in crypto, Garlinghouse’s comments carry weight after Ripple spent nearly four years fighting the SEC in one of the industry’s most closely watched legal battles.

According to him, the political environment around crypto has changed dramatically compared to previous years.

Garlinghouse also revealed the industry nearly reached a breakthrough earlier this year before negotiations reportedly stalled after Coinbase raised concerns and stepped away from talks publicly.

Industry Heavyweights Rally Behind the Bill

Despite political debates continuing around conflict-of-interest amendments tied to crypto businesses and government officials, support for the bill across the industry remains strong.

White House crypto advisor David Sacks called the markup “a monumental step in making the U.S. the Crypto Capital of the World.”

Meanwhile, Brian Armstrong described the bill as “strong,” saying it could make the U.S. financial system “faster, cheaper and more accessible.”

Marc Andreessen also backed the legislation publicly, while Charles Hoskinson called the latest draft a “massive improvement” compared to earlier versions.

Trump Signature Could Arrive Before Summer Ends

The bill will still need 60 Senate votes before advancing further, meaning bipartisan support remains critical.

Still, Garlinghouse feels that there is some positive movement and it’s finally building after years of delays.

Most importantly, he hinted that President Donald Trump could potentially sign major crypto legislation before the end of summer if progress continues.