Ripple and crypto industry leaders backed the Senate’s CLARITY Act ahead of a key markup, citing clearer rules, stronger consumer protections, and U.S. leadership. Ripple’s legal chief cited a report estimating 67 million Americans hold crypto.
Ripple executives publicly backed the Senate’s CLARITY Act on May 13 before the Banking Committee markup. CEO Brad Garlinghouse praised lawmakers for advancing the proposal and framed the legislation as a major moment for U.S. crypto policy. Ripple’s support focused on regulatory clarity, investor protections, and maintaining American leadership in digital assets.
“The Senate Banking Committee is putting in the work as it moves the Clarity Act forward… incredible leadership! Millions of Americans are already in this market,” Garlinghouse wrote on X, adding:
“Ripple stands behind this bill because they deserve the same rules and protections as every other asset class. If the largest economy in the world is going to lead on crypto – and it must – this is the moment. Let’s get it done!”
Stuart Alderoty, chief legal officer at Ripple and president of the National Crypto Association, also voiced support on X. He cited the National Crypto Association’s 2026 State of Crypto Holders Report, which estimated that 67 million Americans hold crypto today. Alderoty described holders as construction workers, retirees, small business owners, and parents across every income level, industry, and state. He stated: “They deserve clear rules. They deserve strong consumer protections. And they deserve a regulatory framework that allows responsible innovations to grow here in the United States. The Clarity Act markup tomorrow is a meaningful step forward.”
