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

TheNewsCryptoОпубліковано о 2026-09-15Востаннє оновлено о 2026-09-15

Анотація

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.

Highlighted Crypto News:

Balancer Eyes Wind-Down as V3 Revenue Fails to Replace V2 Income

Пов'язані питання

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.

Пов'язані матеріали

Deutsche Bank prepares German crypto custody launch, eyes Asia: Report

Deutsche Bank reportedly plans to launch crypto custody services in Germany and expand across Asian financial centers in 2027. Gerald Podobnik, co-head of the corporate bank, told Reuters the move is driven by the rapid growth of the digital asset economy, including hundreds of billions in stablecoins, and supports the bank's goal of 8% compound annual growth in corporate banking by 2028. The service will initially support Bitcoin, Ether and select stablecoins including Circle USDC, EURC and AllUnity EUR. A Deutsche Bank spokesperson recently told Cointelegraph it expects MiCA regulatory approval in October, and ESMA's interim MiCA register showed the bank received authorization from Germany's BaFin on Monday. Cointelegraph has contacted Deutsche Bank about which Asian financial centers it plans to target first but had not received a response by publication. In September 2023, Deutsche Bank partnered with crypto infrastructure platform Taurus to support its crypto custody plans.

cointelegraph20 хв тому

Deutsche Bank prepares German crypto custody launch, eyes Asia: Report

cointelegraph20 хв тому

Price Momentum: Ethereum (ETH) Sweeps the Lows and Roars Back to $2.4K

Ethereum (ETH) is trading at $2,483, up 3.3%, with 24-hour volume of $14.28 billion. The session saw a dip to $2,324 that swept stop-losses below $2,350 before a quick bounce, alongside $93.31 million in 24-hour liquidations. This sweep-and-reclaim pattern suggests underlying strength rather than genuine selling pressure, with a possible bullish divergence forming. ETH has reclaimed the $2,440 area, where old resistance has flipped to support, and a rising trendline is holding the price up. Momentum could push ETH toward resistance at $2.5K, and a further breakout might trigger a golden cross, potentially lifting the price above $2,584. Conversely, if bears take over, immediate support sits near $2.3K, and a deeper correction could produce a death cross and drive prices lower. On the four-hour chart, the MACD line has crossed above the signal line, though both remain below zero, signalling a bullish shift within a broader downtrend and an early buy signal pending confirmation. The daily RSI at 50.64 indicates a neutral, balanced market awaiting a catalyst, with moves above 55 favouring bulls and below 45 favouring bears. In market news, Coinbase and Kalshi face access restrictions in Taiwan over election betting.

TheNewsCrypto56 хв тому

Price Momentum: Ethereum (ETH) Sweeps the Lows and Roars Back to $2.4K

TheNewsCrypto56 хв тому

Changxin Stands Transistors Upright: A Path to Catch Up While Bypassing EUV — Will It Shake the Big Three Memory Makers?

ChangXin Memory Technologies (CXMT) announced major progress in DRAM devices, 4F2 architecture, and hybrid bonding, briefly rattling the stocks of the three major memory makers. The key changes are the shift from the mainstream 6F2 cell architecture to 4F2, and the self-developed VSG (Vertical Surrounded Gate) transistor that enables it. In DRAM, each 1T1C cell pairs one transistor with one capacitor. Moving from 6F2 to 4F2 shrinks cell area by about one-third, allowing roughly 50% more cells in the same area—though chip-level density gains are lower (about 30–50%) because peripheral circuits do not shrink. 4F2 also relaxes design rules, reducing reliance on EUV by roughly two process generations, which matters greatly for CXMT, which cannot obtain EUV under export controls. It also eases capacitor manufacturing pressure. 4F2 is not unique to CXMT; all three major players are pursuing it. Samsung leads, targeting mass production around 2028; SK Hynix will likely adopt it one node later; Micron's plans are unclear and likely latest. CXMT says its first 4F2 product, a DDR5 RDIMM, will arrive by year-end, though volume and yield are unverified. Challenges include floating-body effects, difficult manufacturing sequences (epitaxy, backside processes, or hybrid bonding), array-periphery process decoupling, materials and resistance issues (molybdenum, ruthenium), and yield ramp. Short term (2026–2027), impact on supply-demand is limited. Medium to long term (post-2028), supply growth risks rise, potentially pressuring memory prices and the big three's profits, since conventional DDR drives most DRAM profit. CXMT gains an EUV-free catch-up path; Samsung may regain ground; SK Hynix's near-term position is safe; Micron looks relatively passive. Upstream equipment and materials suppliers may benefit.

marsbit1 год тому

Changxin Stands Transistors Upright: A Path to Catch Up While Bypassing EUV — Will It Shake the Big Three Memory Makers?

marsbit1 год тому

SVRN strengthened the security of the NEAR network

SVRN, a company focused on the $NEAR ecosystem, has completed a project to enhance the security and reliability of Chain Signatures technology on the $NEAR Protocol network. This technology enables users and AI agents to perform operations across more than 30 blockchains without needing separate wallets for each network. SVRN developed a funding program for 17 independent operators, helped secure community approval from $NEAR, and became one of the operators itself. Chain Signatures distributes cryptographic keys among 17 operators, requiring at least 11 of them to approve a transaction, which prevents any single operator from controlling the keys alone. The technology also supports $NEAR Intents, a service for cross-chain operations without intermediaries such as blockchain bridges or custodial platforms. The total volume of processed operations has exceeded $34 billion.

cryptonews.ru1 год тому

SVRN strengthened the security of the NEAR network

cryptonews.ru1 год тому

Japan’s Big Three Banks Test Joint Yen Stablecoin for Cross-Border Payments

Japan’s three largest banks have completed a joint trial of a yen-based stablecoin, confirming the feasibility of a model designed to support cross-border payments between businesses. Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corporation conducted the proof of concept from July 17 to July 23, with results announced on October 16, 2026. Mitsubishi UFJ Trust and Banking Corporation and technology firm TISI also participated. The trial focused on payments between Mitsubishi Corporation’s Japanese operations and its overseas locations, testing whether a stablecoin jointly issued by multiple banks could work within existing operational and regulatory requirements. The project received support from Japan’s Financial Services Agency through its FinTech Proof-of-Concept Hub in November 2025. Under the tested structure, Mizuho, MUFG and SMBC acted as joint principals responsible for commissioning the stablecoin issuance, while Mitsubishi UFJ Trust and Banking served as trustee. The token was issued under a trust agreement as a form of specified trust beneficiary rights defined by Japan’s Payment Services Act. During the trial, participants examined the full process of issuing, transferring and redeeming the stablecoin, and assessed system performance, operational requirements and compliance measures, including anti-money laundering and counter-terrorist financing controls. Mitsubishi UFJ Trust and Banking reviewed trust-related operations, trust asset management and user protection measures. TISI integrated the wallet infrastructure with the stablecoin issuance system, while SMBC provided the blockchain platform built with TISI. The proposed model is designed to support circulation across the customer networks of all three banks without a fixed issuance cap, and envisages managing trust assets through bank deposits. The companies noted these remain design assumptions that could change. The banks said the trial confirmed the feasibility of the joint issuance model and produced practical findings for future implementation. However, the stablecoin is not yet confirmed as commercially available. In June, the banks said they aimed to begin actual transactions during fiscal 2026, ending in March 2027. Participants will continue assessing outstanding issues, including user protection, cybersecurity, regulatory compliance and system stability, before moving toward practical use.

TheNewsCrypto1 год тому

Japan’s Big Three Banks Test Joint Yen Stablecoin for Cross-Border Payments

TheNewsCrypto1 год тому

Торгівля

Спот