Crypto

Ripple CEO says perfection must not block progress, urges U.S. Congress to pass Clarity Act

Ripple CEO Brad Garlinghouse urged the U.S. Congress to pass the digital asset market Clarity Act, saying lawmakers should not delay action even with political differences. He backed Ripple CLO Stuart Alderoty’s view that the bill is a consumer protection measure with anti-money laundering and customer identification provisions and tools for law enforcement. Some Democratic senators oppose the latest draft, reducing prospects for passage this year. Coinbase also urged a Senate vote.

Crypto

U.S. Republicans release revised CLARITY bill package as vote nears amid ethics provision dispute

U.S. Senate Republicans released a revised, consolidated version of the CLARITY bill to set a federal framework for digital asset market structure, as the crypto industry urges a floor vote before the summer recess. Democrats are strongly opposing ethics provisions and expanded Justice Department authority, seen as key obstacles to passage. With 60 votes required, Republicans need at least seven Democratic votes. The Senate is expected to recess in about two weeks.