Ripple CEO Brad Garlinghouse Channels His Inner Dalai Lama: CLARITY Act Might Actually Pass by May

Brad Garlinghouse is radiating more optimism than a DAO voting on whether to rename their token for the third time. Speaking at the Semafor World Economy event on April 13, Ripple's head honcho dropped hints that the eternal cage match between banks and crypto representatives over stablecoin yields might finally be approaching its dramatic climax—and not the "rug pull" kind.

"When people are at their peak frustration, that's when they finally compromise, and it gets done," Garlinghouse observed, before serving what might become the quote of the year: "I think we're there." That's right, the man who once had to explain to Congress that XRP wasn't a security is now channeling his inner therapist.

Ripple's been on a疯狂 partnership spree with financial institutions across the globe, deploying XRP and RLUSD as the diplomatic translators between TradFi's stuffy boardrooms and crypto's chaotic house party. Garlinghouse is penciling in CLARITY Act passage for end of May—a slight revision from his earlier April timeline, because apparently even the most bullish projections need some gas in the tank in this space.

The real sticking point? Stablecoin yields. Banks have been clutching their pearls about crypto platforms offering rewards or interest-like returns on stablecoins, while the White House study basically said banning stablecoin yields wouldn't move the needle much on bank lending and that deposit flight concerns are "quantitatively small." In crypto terms, that's the equivalent of your