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Why Ripple CEO is urging Congress to pass Clarity Act

Published

24 July 2026

Topic

regulatory

Sectors

Fintech

Geography

United States

Source

Read at thestreet.com

Verified

Fusion42 · 24 July 2026 · Fusion42 review

Ripple CEO Brad Garlinghouse publicly urged Congress to pass the CLARITY Act, framing it as consumer protection legislation that would give law enforcement real AML/KYC tools and authority to pursue bad actors in crypto. The bill has stalled on the Senate floor amid competing priorities and ethics provisions debate.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.

◆ The Wire takeaway

If you build on-chain settlement or payment rails, the CLARITY Act is the regulatory moat you need Congress to pass—without it, you're competing against unregulated rivals and regulators will treat you like they're all the same. Garlinghouse just turned up the heat; that bill moves or it dies this session.

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Topics

Fintechclarity-actcrypto-regulationaml-kycripple-lobbyingus-congress