Defi Sector News

XRP News: Garlinghouse Says XRP and Ripple’s Business Unaffected by Failed Clarity Act Vote

Despite the Clarity Act's failure to pass the Senate, Ripple CEO Brad Garlinghouse asserts that XRP and Ripple's business operations remain unaffected due to the existing legal clarity obtained from the SEC lawsuit. Garlinghouse's stance suggests that regulatory uncertainty surrounding the Clarity Act does not pose a near-term threat to XRP's operational status or Ripple's business model, implying a degree of resilience in the face of legislative setbacks. The failure of the Clarity Act leaves key questions about token classification and exchange regulations unresolved, underscoring the ongoing reliance on regulatory interpretation rather than statutory law in the US crypto market.