Ripple CEO: Failure of CLARITY Act sidelines consumer interests and US competitiveness

Ripple CEO Brad Garlinghouse expressed disappointment over the failure of the CLARITY Act (US digital-asset market-structure bill), stating that it undermines consumer protection and US leadership in the financial sector. He criticized the anti-crypto stance of certain political factions but remains optimistic, noting that Ripple will continue to engage with regulators like SEC Chair Atkins and CFTC Chair Selig to address legislative gaps. Garlinghouse emphasized that Ripple's business momentum and global operations remain unaffected by the legislative setback.