On May 13, 2026, Ripple executives and a broad coalition of crypto industry leaders voiced strong support for the Senate's CLARITY Act (Crypto Legality and Investor Transparency Act), just ahead of a critical Banking Committee markup. Ripple CEO Brad Garlinghouse took to X to praise lawmakers for advancing the proposal, calling it a defining moment for U.S. crypto policy. "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. He added: "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!"
Ripple's Chief Legal Officer and President of the National Crypto Association, Stuart Alderoty, cited the organization's 2026 State of Crypto Holders Report, which estimates that 67 million Americans now hold digital assets. Alderoty described these 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."
Broad Industry and Political Support
Former White House crypto and AI czar David Sacks called the markup "a monumental step" toward making the U.S. the "Crypto Capital of the World." Strategy CEO Phong Le said regulatory clarity would improve financial outcomes and expand access across financial markets. Fidelity Public Policy, the policy arm of Fidelity Investments, emphasized that the bill would provide statutory clarity for digital asset markets, benefiting investors and supporting U.S. leadership in digital assets.
Senator Tim Scott released a statement: "Families, small businesses, investors, and innovators deserve clear rules of the road for digital assets. The Senate's version of the CLARITY Act delivers certainty, safeguards, and accountability, while protecting Main Street, strengthening national security, and keeping innovation in America."
The text of the CLARITY Act, released on May 12 by Senators Scott, Cynthia Lummis, and Thom Tillis, will serve as the basis for the Banking Committee markup on May 14. Committee Republicans noted that the proposal reflects negotiations with Democratic colleagues and input from regulators, law enforcement, financial institutions, innovators, and consumer advocates. The bill focuses on market structure rules for digital assets, aiming to establish a comprehensive federal framework for crypto regulation.
A recent Harrisx poll found that 52% of voters support the CLARITY Act after reviewing it, and 70% believe the U.S. should have already passed crypto legislation, underscoring strong public demand for regulatory clarity.
The progress of the CLARITY Act represents a major step forward for U.S. crypto policy. If enacted, it would provide legal certainty for digital assets similar to traditional financial markets, while enhancing consumer protections and combating illicit activity. Industry observers believe passage would solidify the United States' position as the global hub for crypto innovation.