Garlinghouse: CLARITY Act failure is disappointing, but US crypto future optimistic
- —Garlinghouse said maximum effort was put into passing the CLARITY Act
- —According to him, consumer interests and U.S. competitiveness ultimately took a back seat
- —He expects the SEC and CFTC to continue developing rules instead of legislation
- —Ripple intends to actively participate in future rulemaking
Why it matters: The CLARITY Act's failure leaves U.S. crypto regulation to the SEC and CFTC, maintaining uncertainty for XRP and the industry.
Source: Bloomingbit