Garlinghouse Pushes CLARITY Act Ahead of Senate Procedural Vote
Ripple CEO Brad Garlinghouse urges completion of the CLARITY Act before the September 15 Senate vote, noting reduced opposition from the National Sheriffs’ Association.
Ripple CEO Brad Garlinghouse stated he was proud to be in the room at the White House innovation summit and called on lawmakers to finish the job on clear crypto rules.
The CLARITY Act would expand CFTC authority over crypto trading and reduce the SEC role in secondary markets.
Vote and opposition shift
The Senate will hold a procedural vote on September 15 that requires 60 votes to advance H.R. 3633.
The National Sheriffs’ Association moved from opposition to a neutral position in a September 5 letter to Senate leaders.
What remains unknown
Vote outcome and any amendments remain unknown. House calendar constraints after September 17 are not yet resolved.