Ripple CEO: 80% chance CLARITY Act passes by end of April

Ripple CEO Brad Garlinghouse said there is an 80% chance that the CLARITY Act will pass by the end of April, U.Today reported. Garlinghouse stressed that while the bill is currently stalled in the Senate Banking Committee, the industry should embrace compromise rather than wait for ideal legislation. He stated that the CLARITY Act is not perfect, but perfection should not be the enemy of progress. He added that Ripple has been a strong advocate for the bill's passage since its legal battle with the U.S. SEC. The bill is currently in the committee stage, with high-level negotiations reportedly underway to reach a consensus before the spring recess.