Ripple CEO Brad Garlinghouse called on the U.S. to swiftly advance cryptocurrency legislation in a television interview, stating that the industry most needs clear regulations. In response to criticisms from JPMorgan CEO Jamie Dimon regarding the CLARITY Act, he said those claims misrepresent the bill’s content.
Only 16 legislative days remain until adjournment.
The report noted that Galaxy Digital has lowered the probability of the CLARITY bill passing before Congress adjourns in August to 60%. With only 16 legislative days remaining before the adjournment, lawmakers are still addressing provisions related to misconduct constraints and ethics issues, after which the bill may proceed to a Senate vote.
Garlinghouse believes it is inaccurate to describe the bill as "lowering compliance standards." He states that large U.S. financial institutions have long benefited from the existing payment system and therefore remain cautious about the institutionalization of the cryptocurrency industry.
Ripple attributes the transaction outflow to unclear regulations.
Garlinghouse stated that approximately 90% of cryptocurrency trading currently occurs outside the United States, partly due to America’s long-standing failure to establish a clear legal framework. He believes that with clear regulation, such trading activity could return to the U.S. and be integrated into the domestic system while ensuring consumer protection.
He also noted that Ripple's primary customers are banks, payment service providers, and enterprises, rather than retail users. For such institutions, the key to adopting digital asset infrastructure lies in achieving stable legal certainty, without fear of regulatory guidance reversing again.
XRP Ledger advances AI payments
In addition to regulatory matters, Garlinghouse disclosed that Ripple has launched an AI starter kit for the XRP Ledger, aimed at enabling AI agents to make payments directly on the network.
However, he also acknowledged that this direction still carries significant risks. He stated that he would not connect AI agents to his primary bank account until adequate safeguards are sufficiently mature, and called on Congress to advance AI-related regulations earlier while addressing digital asset oversight.
RLUSD is listed as a priority for the second half of the year.
Garlinghouse also noted that Ripple’s stablecoin, RLUSD, after 18 months since its launch, has ranked among the top five fastest-growing stablecoins. Looking ahead to the second half of 2026, the company’s top two priority businesses are treasury infrastructure and stablecoin payments.