Ripple CEO: If the CLARITY Act marking process is postponed, the probability of passage will drop sharply

Techub News, according to NewsBTC, Ripple CEO Brad Garlinghouse stated at the CoinDesk Consensus Miami event that the next two weeks will be critical for the CLARITY Act legislative process. He warned that if the Senate Banking Committee fails to advance the bill on schedule, its chances of passage will "drop sharply." The draft bill aims to restrict crypto companies from paying interest or returns to customers holding payment stablecoins, but allows for non-functional incentive measures. He acknowledged that the bill is a compromise, but believes regulatory clarity is preferable to industry uncertainty.