TLDR
- Brad Garlinghouse says the Clarity Act protects the interests of Americans.
- Donald Trump urged banks not to block the Genius Act or Clarity Act.
- March 1 deadline set by negotiator Patrick Witt pushed talks forward.
- White House officials say crypto firms agreed to limits on stablecoin yields.
Brad Garlinghouse has voiced strong support for the U.S. Clarity Act and said the bill protects Americans. His statement followed a warning from U.S. President Donald Trump aimed at large banks accused of slowing crypto legislation.
Garlinghouse shared his view on the social media platform X. He said the debate around the Clarity Act has always focused on what serves the American public. His remarks came as lawmakers and industry leaders push for clear digital asset rules in the United States.
The discussion gained momentum after the White House urged banks not to block crypto legislation. Officials said the country must move forward with market structure rules to keep innovation within its borders.
White House Pushes Banks Not to Stall Crypto Legislation
President Donald Trump issued a firm message supporting the Clarity Act and the Genius Act. He warned that traditional banks should not obstruct the country’s crypto strategy.
Trump argued that delays in regulation could push innovation to other countries. He pointed to China as a potential competitor in digital asset development. The president said Americans should have the chance to earn more from their money through new financial technologies.
The White House said banks should not attempt to “undercut the Genius Act, or hold the Clarity Act hostage.” Officials added that large banks are already reporting record profits. They urged financial institutions to negotiate in good faith.
Trump also framed the effort as part of a broader plan to make the United States the “Crypto Capital of the World.” He said the country must pass market structure legislation quickly so innovation stays in the U.S.
Garlinghouse Says Clarity Act Supports Americans
Ripple CEO Brad Garlinghouse publicly supported the legislation during the debate. He described the White House message as an “extremely pointed” warning to those slowing the bill.
Garlinghouse wrote on X that the issue has always centered on public interest. He stated, “This is, and always has been, about what’s in the best interest of the American people.”
His comments added support from one of the largest companies in the crypto sector. Ripple has long called for clear regulations in the United States. Industry leaders argue that legal certainty helps companies operate and attracts institutional investment.
Garlinghouse also said recent discussions show progress toward clearer crypto rules. According to him, former SEC Chair Gary Gensler admitted during a White House meeting that earlier positions were mistaken. The claim suggested a shift in regulatory discussions, although details from the meeting remain limited.
Negotiations Continue as Lawmakers Seek Agreement
Efforts to finalize the Clarity Act continue in Washington. Negotiator Patrick Witt set a March 1 deadline to advance discussions on crypto regulation.
White House AI and crypto adviser David Sacks said Witt helped bring both sides closer to a deal. He noted that crypto firms made concessions during talks about stablecoin rewards.
Stablecoin yields had been one of the main points of disagreement between banks and crypto companies. The dispute slowed negotiations in the Senate and reduced the bill’s chances last month.
Despite those setbacks, analysts say the door to an agreement remains open. Cooperation between regulators, banks, and digital asset firms could lead to a workable framework.
Market observers say clear rules may reduce uncertainty for investors and companies. If passed, the Clarity Act would establish guidelines for digital asset markets in the United States.
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