 ▲ Brad Garlinghouse/Source: X © |
Amid a tense tug-of-war between traditional banks and the crypto industry over the long-awaited U.S. cryptocurrency market structure bill, known as the CLARITY Act, Ripple CEO Brad Garlinghouse expressed strong confidence that there is an 80% chance the bill will receive President Donald Trump’s signature and take final effect by the end of April at the latest.
According to cryptocurrency media outlet Bitcoinist on February 17 (local time), Eleanor Terrett, a reporter for the digital asset-focused outlet Crypto in America, reported that the White House is carefully considering holding an additional meeting as early as this Thursday to resolve the most contentious issue of the CLARITY Act—whether stablecoins should be allowed to offer yield.
Citing two sources familiar with the negotiations, Terrett said senior government officials are seeking to bring representatives from traditional banks and crypto firms back to the table in an effort to find a breakthrough. However, no final decision has been made, and a specific schedule has yet to be confirmed.
This behind-the-scenes outreach follows a White House meeting last week that ended without results. Senior policymakers from major banks, crypto companies, and trade associations gathered but failed to reach a consensus. Representatives from the banking sector reportedly circulated a document insisting on a complete ban on providing yields or rewards on stablecoins and refused to back down, making the provision a key stumbling block in the broader negotiations.
Despite the difficulties in talks, Garlinghouse voiced firm belief that both sides will soon narrow their differences, allowing the bill to swiftly clear its final hurdles and reach President Trump’s desk for signature. According to a Tuesday report by The Street, he emphasized the urgency of driving the CLARITY Act forward, stating that once the remaining disputes are resolved, momentum for its passage will be strong.
Garlinghouse urged the crypto community not to insist on a perfect bill but to unite behind its passage. He argued that dissatisfaction with specific provisions should not obstruct overall progress and stressed that clear regulation would benefit the entire industry far more than a state of legal uncertainty and chaos. While acknowledging that no legislation is ever perfect, he predicted an 80% probability that the highly anticipated CLARITY Act will be enacted by the end of April.
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