Ripple CEO Brad Garlinghouse said the Senate’s failure to advance the CLARITY Act was a painful setback for the company and the broader digital-asset policy effort. In remarks reported by Coinpedia, Garlinghouse described Monday’s defeat as one that “stings” and said Ripple would conduct a full post-mortem in the days ahead. The legislation failed to secure enough support to move forward in the Senate. It fell well short of the 60 votes required for cloture and did not reach 50 votes. Garlinghouse’s planned review is expected to examine what went wrong during the attempt to advance the bill. The comments come after the measure’s progress ended at the Senate stage, leaving the legislative effort without the votes needed to continue. No further details of Ripple’s planned analysis were provided in the supplied report.
Garlinghouse Says Ripple Will Review CLARITY Act Defeat
Ripple CEO Brad Garlinghouse called the CLARITY Act’s Senate defeat painful and said the company will conduct a full post-mortem. The bill failed to reach 50 votes, well below the 60 needed for cloture.
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