Ripple CEO Brad Garlinghouse Urges Senate to Back CLARITY Act, Says Trades “Weren’t Small”

TheNewsCryptoPubblicato 2026-09-15Pubblicato ultima volta 2026-09-15

Introduzione

Ripple CEO Brad Garlinghouse urges the U.S. Senate to support the revised CLARITY Act ahead of a crucial September 15 vote. He argues the bipartisan crypto market structure bill is not a mere compromise but the result of significant policy negotiations, stating the "trades weren't small." Garlinghouse endorsed Treasury Secretary Scott Bessent's push for the bill, which includes new tools to protect community banks from potential harm caused by stablecoins. The revised act, containing 126 changes to gain Democratic support, heads to a procedural cloture vote. Garlinghouse emphasized global and voter attention, calling on senators to vote yes. Concurrently, XRP's price saw a roughly 5% increase.

Ripple CEO Brad Garlinghouse defended the crypto CLARITY Act framework ahead of today’s Senate vote, stating that the bipartisan policy trades made to build the bill “weren’t small.”

Brad Garlinghouse has thrown his support behind Treasury Secretary Scott Bessent’s latest push for the CLARITY Act, urging the Senate to move forward with the crypto market structure bill ahead of the Sep.15 crucial vote.

Bessent said the final draft strengthens the administration’s goal of keeping the U.S. competitive in digital technology while protecting community banks. He pointed to new authority given to the Treasury Secretary to respond if stablecoins trigger deposit flight that harms community banks.

“If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected,” Bessent said, stressing that community banks remain important to U.S. economic growth and Main Street.

Garlinghouse quote-posted Bessent’s statement, arguing that the latest CLARITY Act should not be viewed simply as a compromise.

“This bill isn’t just a compromise... it’s the product of real, substantive trades policymakers made to get here,” Garlinghouse wrote. He added that the bipartisan negotiations involved significant concessions, saying the “trades weren’t small.”

Garlinghouse also urged senators not to treat the legislation as something they should merely settle for, but as an agreement they should stand behind.

“Senate: the world is watching and voters are watching. Now is the time to vote yes,” he said.

Revised CLARITY Act Heads to Senate Vote

Ripple CEO comments come after Senate Republicans released a revised version of the CLARITY Act containing 126 significant changes sought by Democrats.

The Senate is set to hold a cloture vote on the motion to proceed with H.R. 3633 at 2:15 p.m. ET. The vote is not final passage, but it could determine whether the bill moves forward for debate. The revised text includes new ethics provisions, enforcement powers for state attorneys general and measures addressing concerns around stablecoins and financial stability. Republicans say the changes were made to win enough Democratic support to reach the 60-vote threshold.

XRP is near $1.42, up roughly 5% over 24 hours, after reaching about $1.49 on September 14.

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Domande pertinenti

QWhat is the main purpose of Brad Garlinghouse urging the Senate regarding the CLARITY Act?

AThe main purpose is for Brad Garlinghouse to urge the Senate to support and pass the crypto market structure bill, the CLARITY Act, ahead of the crucial September 15 vote, arguing it is a substantive product of bipartisan negotiations and not just a compromise.

QAccording to the article, what new authority does the revised CLARITY Act grant to the Treasury Secretary?

AThe revised CLARITY Act grants the Treasury Secretary new authority to respond if stablecoins trigger deposit flight that harms community banks.

QHow does Brad Garlinghouse describe the bipartisan negotiations that led to the latest CLARITY Act?

ABrad Garlinghouse describes the bipartisan negotiations as involving significant, substantive concessions, stating that the 'trades weren't small.'

QWhat is the significance of the Senate's cloture vote on H.R. 3633 mentioned in the article?

AThe cloture vote on the motion to proceed with H.R. 3633 is significant because it determines whether the CLARITY Act bill will move forward for debate in the Senate, though it is not the final passage vote.

QWhat was the approximate price change of XRP over 24 hours as reported in the article?

AXRP was up roughly 5% over 24 hours, trading near $1.42 after reaching about $1.49 on September 14.

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