Ripple CEO Brad Garlinghouse threw his support behind Trump crypto advisor Patrick Witt's push to pass the CLARITY Act immediately, even with its flaws. Both leaders rejected critics demanding perfect legislation, warning that delay could hand Democrats opportunity to craft punitive regulations later.
The unified stance from industry and political leaders signals growing urgency around locking in crypto-friendly regulatory framework while Republicans control government. Witt's warning about waiting too long resonated strongly with Garlinghouse, who has battled regulatory uncertainty for years.
According to Patrick Witt on X, the Trump advisor dismissed critics advocating for delay with a stark message.
"No bill is better than a bad bill. What a privilege it is to be able to say those words thanks to President Trump's victory, and the pro-crypto administration he has assembled. But let's not kid ourselves. There will be a crypto market structure bill — it's a question of when, not if."
Must Read: Trump Crypto Advisor Urges: Accept Imperfect Bill Now
Witt's Strategic Warning: Act Now or Face Dodd-Frank 2.0
Witt laid out the stakes in his detailed thread yesterday. While acknowledging Trump's victory gives crypto advocates leverage to reject terrible proposals, he argued that comprehensive legislation remains inevitable for the multi-trillion dollar industry.
The advisor warned against fumbling the current opportunity. Waiting could allow Democrats to exploit a future financial crisis to pass "punitive legislation à la Dodd-Frank" when they regain power.
"Do we take advantage of the opportunity to pass a bill now, with a pro-crypto President, control of Congress, excellent regulators at the SEC and CFTC to write the rules, and a healthy industry? Or do we fumble the ball and allow Dems to write punitive legislation in the wake of a future financial crisis?"
According to Patrick Witt on X, he guaranteed critics would hate any future Democratic version far more than current CLARITY Act proposals.
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Witt acknowledged the bill needs improvement and requires compromises to secure 60 Senate votes. However, he urged the industry to accept imperfection rather than gambling on better conditions that may never materialize.
Garlinghouse Rallies Behind "Good Enough" Philosophy
Ripple's CEO endorsed Witt's pragmatic approach with enthusiastic agreement. Garlinghouse highlighted the key principle driving both leaders' position.
"Let's not let perfect be the enemy of good – this right here is the key. No piece of legislation has ever been perfect by everyone's standards. What we need is a clear framework, allowing innovation to flourish -- exactly what Market Structure will deliver. I'll keep saying it – clarity over chaos."
According to Brad Garlinghouse on X, the Ripple chief emphasized that regulatory clarity matters more than legislative perfection.
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Garlinghouse's position reflects Ripple's painful experience navigating regulatory ambiguity. The company's years-long SEC battle over XRP's classification demonstrates the cost of operating without clear regulatory framework rules.
The CEO's "clarity over chaos" mantra directly addresses industry concerns about waiting. While some crypto advocates push for perfect legislation, Garlinghouse argues that functional frameworks enabling innovation outweigh theoretical ideal regulations that may never pass.
Also check out: Ripple Urges Central Banks: Embrace Stablecoins or Fade
The Garlinghouse-Witt alignment represents significant political momentum for passing market structure bills this year. Their combined message targets crypto purists demanding flawless legislation, warning that perfectionism could backfire catastrophically when political winds shift.
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