Emre Yumlu 
A renewed push for regulatory clarity in the United States crypto market is gaining momentum. Ripple CEO Brad Garlinghouse has stated that he believes there is a 90% probability that the long-discussed CLARITY Act will pass by the end of April. His assessment reflects what he described as increased engagement from lawmakers and more constructive dialogue in Washington.
According to Garlinghouse, recent discussions involving members of Congress and representatives from the White House have accelerated progress. He noted that leaders from both the crypto sector and traditional financial institutions have been participating in meetings, signaling broader alignment around the need for clearer rules. After months of uncertainty, he suggested that the political appetite to move forward has strengthened.
Clarity Defining Regulatory Boundaries for Digital Assets
At the core of the CLARITY Act is a long-standing question: which digital assets should be classified as securities, and which should fall under the oversight of the Commodity Futures Trading Commission (CFTC). The bill aims to resolve this jurisdictional ambiguity, which many in the industry argue has hindered innovation and weighed on market sentiment.
Debate around the proposal has centered in part on stablecoin reward mechanisms and whether crypto platforms should be permitted to offer yield-like incentives to users. Reports indicate that March 1 has been identified as a target date to advance negotiations on key sticking points.
Garlinghouse acknowledged that the legislation may not be perfect but emphasized that it would represent a meaningful step forward compared to the current regulatory gray area. He referenced Ripple’s own legal clarity, noting that a federal court previously ruled that XRP is not a security, while much of the broader industry remains without comparable certainty.
Institutional Interest Remains Strong
Despite recent volatility across digital asset markets, Garlinghouse said institutional interest continues to grow. Corporate treasurers and financial institutions are increasingly exploring stablecoins, liquidity management solutions, and cross-border payment infrastructure.
Since 2023, Ripple has deployed nearly $3 billion toward acquisitions, expanding into custody services, prime brokerage, and treasury management. The company now plans to pause major deals temporarily to focus on integration efforts.
Garlinghouse also observed that traditional financial firms are seeking clearer regulatory frameworks to compete on equal footing in the evolving digital asset landscape. Meanwhile, prediction market Polymarket currently assigns an 82% probability that the CLARITY Act will pass before year-end, underscoring rising expectations that legislative progress may finally be within reach.
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