Garlinghouse Backs Trump Advisor: Don’t Wait for Perfect Crypto Bill


Garlinghouse Backs Trump Advisor: Don’t Wait for Perfect Crypto Bill


Ripple CEO Brad Garlinghouse supports the call by Patrick Witt to pass crypto legislation quickly. The Washington debate has shifted to timing and perfection.

Garlinghouse has expressed his support for Patrick Witt. The Ripple CEO concurs with the Trump crypto advisor on critical legislation. Witt works in the crypto policy team of the current administration.

Garlinghouse responded to the recent X-post by Witt and emphasized the importance of progress, as opposed to perfection. On X, he wrote, Let not perfection be the foe of good.

The Perfect Versus Good Debate Explodes

Witt ignited the discussion by making an audacious assertion, posting on Twitter, No bill is better than a bad bill. He attributes this position to the election of President Trump, who he says is changing the scenery with the new pro- crypto administration.

Witt, however, turned to practical matters. An inclusive crypto market-structure bill will follow. It is a matter of timing and not of possibility. It is a question of when, not whether, he said on X.

Source: patrickjwitt 

He put across extreme options: either pass the bill before conditions improve, or have the Democrats pass punitive rules when a crisis occurs in the future. Witt referred to Dodd-Frank as a caution.

What the CLARITY Act Means for Crypto’s Future

For the crypto industry, this represents a critical moment. Clear regulatory frameworks would enable institutional adoption at scale. Companies could launch products without fear of enforcement actions.

The CLARITY Act aims to define which assets fall under SEC versus CFTC jurisdiction. Exchanges would know exactly which compliance standards to follow. This removes years of regulatory ambiguity plaguing the sector.

The stakes are particularly high for Ripple. The company has battled the SEC for years over XRP’s classification. Clear market structure legislation could finally resolve these regulatory gray areas.

You might also like: Trump’s Crypto Advisor Warns: Pass Bill Now

Why Garlinghouse Champions Immediate Action

Garlinghouse supported the position of Witt. He acknowledges that no law will be up to every standard. Perfect details are irrelevant compared to clear frameworks. The CLARITY Act provides the necessary framework.

On X, Garlinghouse said, Clarity over chaos. This he repeats though this is objected to. Regulatory confidence is needed to foster innovation, and market-structure law is the source of that.

Source: bgarlinghouse 

Current benefits, listed by Witt, include: Republicans control both Congress and the presidency, the SEC and CFTC are crypto-friendly, and the industry is healthy and growing.

The Window Won’t Stay Open Forever

These are provisional conditions. The politics of Washington change rapidly. The potential of a crisis in the future might lead to severe responses, and Democrats might design rather restrictive rules under strain.

Witt acknowledged that the CLARITY Act is not flawless. There are certain provisions that can displease stakeholders. He maintains that the future Democratic choices will be poorer. It takes compromise to get 60 Senate votes.

He encouraged further refinement. Stakeholders must continue to make amendments to the bill. Compromise of strategies can iron out legislative obstacles. Good should not be prevented from becoming law by perfection.

Ripple’s Stake in Regulatory Clarity

The regulatory clarity provides Ripple with an opportunity to grow its business. It is now able to enter into partnerships in the U.S. without the legal hurdles that are not certain. The federal law would clarify the status of XRP.

The company would be able to expand its cross-border payment solutions without the involvement of regulatory barriers. This makes Garlinghouse an additional industry credit to the firm. Ripple is one of the most popular crypto markets worldwide.

His open signing shows that he has broader industry backing. The debate now shifts to the topic of taking action quickly to exploit the window. According to a tweet by Witt on X, failure to take this opportunity will result in more regulations in the future.

 





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