Overview
- Ripple CEO Brad Garlinghouse told the Consensus 2026 audience that support for the CLARITY Act in the Senate has grown, calling the past week a "big positive shift."
- Coinbase and Circle urged the Senate Banking Committee to advance the bill after negotiators reached a compromise on stablecoin yields.
- Major U.S. banking associations oppose those yield provisions and say they could create systemic risk for traditional banks.
- A Ripple survey this year found 72% of institutional respondents view digital assets as essential, a data point Garlinghouse cites to argue for federal rules.
- Consensus 2026 drew more than 20,000 attendees, including the SEC and CFTC chairs, as observers watch to see if Senate interest turns into a committee markup.