Cardano founder publicly praised Ripple CEO Brad Garlinghouse for his major role in advancing the CLARITY Act in Washington, D.C.
The U.S. crypto industry has made significant progress toward regulatory clarity. After facing a hostile environment and aggressive enforcement actions under the previous administration, the sector is now seeing genuine efforts to establish clear, sensible rules.
Earlier this year, the country enacted its first dedicated stablecoin regulation, the GENIUS Act, and is now moving closer to passing the CLARITY Act. The CLARITY Act is a proposed U.S. bill that would establish clear rules for digital assets by defining key categories like digital commodities, securities, and stablecoins, and assigning oversight to the SEC and CFTC.
Ripple CEO Is the Hardest Working Person Advocating for CLARITY Act
In a recent commentary, Cardano founder Charles Hoskinson praised Ripple CEO Brad Garlinghouse as the industry’s hardest-working leader, pushing the CLARITY Act forward.
He praised Garlinghouse for being extremely active in advancing the CLARITY Act, noting that the Ripple CEO visits Washington, D.C., almost every day to meet with lawmakers, their teams, and other officials to advance the bill.
He noted that Garlinghouse has been relentless in championing regulatory clarity for the industry, calling his sustained efforts a major factor in advancing the CLARITY Act. In light of this contribution, Hoskinson expressed his appreciation and thanked Garlinghouse for his dedication.
Ripple CEO’s Push for Regulatory Clarity
Garlinghouse has long been a leading advocate for clear and practical crypto regulation in the United States. His efforts intensified after the SEC sued Ripple, a legal battle the company fought for nearly five years.
Since then, he has participated in multiple high-profile discussions and even testified before the U.S. Senate on regulatory proposals, including the CLARITY Act. His goal is to advocate for clear rules that allow U.S.-based crypto businesses to thrive based on their merits.
These efforts, alongside support from other industry leaders, are beginning to show results. The U.S. enacted its first comprehensive stablecoin regulation in June, and analysts expect the CLARITY Act to follow soon.
Progress on CLARITY Act
In the meantime, lawmakers have already begun debating the bill, with efforts underway to merge it with the House-passed Crypto Market Structure bill from July.
According to journalist Eleanor Terrett, markups and votes on the bipartisan draft are scheduled for early next month. After that, the Senate and House versions will be consolidated into a single legislative text.
Senate Banking Committee Chairman Tim Scott has expressed interest in bringing the unified bill to the Senate floor for a vote early next year. If it passes, it will move to the House for final approval before heading to the President’s desk. However, Terrett noted that the CLARITY Act is unlikely to become law before 2026 due to delays caused by the prolonged U.S. government shutdown.
According to Hoskinson, the passage of the CLARITY Act could open the door for major technology companies to enter the blockchain sector, potentially driving the broader crypto market toward an ambitious $10 trillion valuation.