Ripple CEO Predicts 90% Chance of U.S. CLARITY Act Passage by April

The U.S. CLARITY Act has gained significant momentum in recent weeks, with key stakeholders expressing optimism about its passage. Ripple CEO Brad Garlinghouse has reportedly given a 90% likelihood of the bill's approval by April, citing renewed bipartisan momentum and top executive talks between industry leaders and the White House.

The proposed law seeks to establish distinct oversight channels between the SEC and CFTC, providing clear legal frameworks for digital assets. This would address the long-standing jurisdictional war and categorize utility tokens like XRP, eliminating ambiguity around their status as investment contracts.

Industry leaders believe that the enactment of this bill would facilitate institutional entry into the crypto market, with huge hedge funds needing formalized legislation before investing large sums of cash. The passage of the U.S. CLARITY Act could also lead to a significant influx of liquidity and stability in domestic crypto exchanges.