Skip to main content

No Big Dog in This Fight: Ripple CEO Bets Big on Clarity Act Despite Coinbase Clash



Key Insights



  • Garlinghouse remains confident the Clarity Act will pass despite industry divisions and Coinbase resistance.

  • SEC and CFTC recognition of assets like XRP signals growing regulatory clarity in the crypto sector.

  • Ripple sees limited need for multiple USD stablecoins, positioning for a compliant, institution-focused alternative.


Ripple CEO Brad Garlinghouse has expressed confidence that the US Senate's stalled Clarity Act will eventually pass, even as opposition from Coinbase continues to complicate negotiations.

Speaking at the FII PRIORITY Miami summit, Garlinghouse emphasized that Ripple is not directly involved in the dispute. 'Ripple doesn't have a big dog in this fight,' he said, noting the company is largely observing developments from the sidelines.

Regulatory Momentum Builds


The Clarity Act aims to introduce more transparent regulations concerning the digital assets, especially relating to the classification and regulation. It has drawn the attention of the crypto industry, which has long wanted regulatory certainty in the United States.

Garlinghouse pointed to growing institutional and political backing as a positive signal. 'White House support pushing the Clarity Act forward has been profound,' he stated, suggesting momentum remains intact despite setbacks.

However, Coinbase's rejection of a recent compromise has slowed progress. The exchange has pushed towards more desirable terms, marking continuing divisions in the industry on how regulation is to be designed.

SEC, CFTC and Existing Clarity


Garlinghouse also referenced existing regulatory developments, noting that assets like XRP have already seen classification progress. According to him, both the SEC and CFTC have acknowledged certain digital assets as commodities.

'There is already some clarity,' he said, adding that industry participants are growing impatient. 'People are annoyed. They are exhausted. So, hopefully we get something done.'

Stablecoin Debate Intensifies


Beyond legislation, Garlinghouse addressed the proliferation of stablecoins, particularly those pegged to the U.S. dollar. He argued that the market does not need excessive duplication.

'My head starts to hurt if you think about the proliferation,' he said, referencing the growing number of USD-backed tokens, including USDC.

He disclosed that Ripple had already minted a substantial share of USDC, implying that the company is equipped with the infrastructure to issue its own stablecoin. Having a strong balance sheet, Ripple aims to establish itself as a compliant, institution-oriented player.

Market Outlook


As regulatory discussions continue, XRP market sentiment is still closely linked to legislative progress and developments around ETFs. The implementation of the Clarity Act may help give a more transparent framework for institutional adoption.

https://www.cryptobreaking.com/no-big-dog-in-this/?utm_source=blogger%20&utm_medium=social_auto&utm_campaign=No%20Big%20Dog%20in%20This%20Fight:%20Ripple%20CEO%20Bets%20Big%20on%20Clarity%20Act%20Despite%20Coinbase%20Clash%20
Labels:

Comments

Post a Comment

Popular posts from this blog

Scaramucci Family Invests $100M in Trump-Backed Bitcoin Mining Firm

The recent investment in American Bitcoin highlights the growing interest and participation of prominent figures and families in the cryptocurrency mining sector, particularly in the United States. With over $100 million from the Scaramucci family’s Solari Capital and backing from notable entrepreneurs and investors, American Bitcoin is solidifying its position as a significant player in the evolving blockchain and crypto markets. This move underscores the increasing institutional and individual involvement in Bitcoin and related assets, shaping the future of the crypto industry amidst regulatory and market dynamics. The Scaramucci family’s private investment firm, Solari Capital, has committed over $100 million to American Bitcoin, a major U.S.-based mining company. American Bitcoin raised $220 million in a funding round before going public via reverse merger, with notable backers including Tony Robbins, Charles Hoskinson, Grant Cardone, and Peter Diamandis. The company ...
Post a Comment
Read more

What Does it Mean When BTC Futures Turn Negative Compared to Spot Price?

Recent shifts in the cryptocurrency market highlight a growing cautious sentiment among traders, as the Bitcoin futures-to-spot basis has turned negative for the first time since March 2025. This development suggests a potential cooling of investor enthusiasm, with traders showing a preference to de-risk amid increasing market volatility. The trend underscores ongoing uncertainty in the crypto markets, impacting Bitcoin’s price outlook and trading dynamics. Bitcoin futures-spot basis has dipped into negative territory, signaling increased caution among traders. Internal exchange flow surges often precede heightened volatility and liquidity stress. The market’s leverage ratio has decreased, indicating a healthier futures environment and reduced forced-liquidation risks. Historical patterns of negative basis may point either to a market bottom or further downside, depending on subsequent price movements. Bitcoin futures-spot basis signals two different pathways Bitcoi...
Post a Comment
Read more

Binance Blockchain Week Main Stage Agenda

DUBAI- Friday, 21th November 2025 - Binance Blockchain Week will feature a lineup of government leaders, industry pioneers, and cultural icons for pivotal discussions on the future of the digital economy. The event will unpack critical topics, from Bitcoin and tokenization to the future of digital money, with headline keynotes and debates. KEY HIGHLIGHTS: UAE Leadership in AI and Digital Economy: His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, will open the main stage with a keynote address on the UAE's strategic vision and leadership in AI, digital assets, and the future economy. Michael Saylor's UAE Debut: Michael Saylor, Executive Chairman & Co-Founder of MicroStrategy, will deliver his first ever keynote in the UAE, "The Undeniable Case for Bitcoin," followed by a live community AMA. Industry Titans Unite: A powerhouse panel featuring Brad Garlinghouse (CEO, Ripple), Lily Liu (President & Co-Founder, Solan...
Post a Comment
Read more