Altcoins News

Story: Ripple Boss Backs Treasury Chief’s Crypto Bill Push

By Evie Vavasseur

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What the Bill Actually Does. The Digital Asset Market Clarity Act wants to settle the big questions once and for all.

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Congressional Timeline Stays Murky. Congress hasn't scheduled a vote on the bill, leaving industry watchers guessing about when…

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Ripple CEO Brad Garlinghouse threw his weight behind Treasury Secretary Scott Bessent's campaign to fast-track the Digital Asset Market Clarity Act through Congress.

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Garlinghouse didn't mince words when he backed Bessent's push on Monday. The Ripple chief said lawmakers need to move fast on clear regulations that'll protect investors while…

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The Digital Asset Market Clarity Act wants to settle the big questions once and for all. The legislation aims to define exactly what counts as a cryptocurrency and what doesn't,…

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The bill includes specific provisions for classifying different types of digital assets - something that's been a major headache for both regulators and crypto firms.

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Some crypto companies are cautiously optimistic about the proposed rules, while others worry about implementation details that remain pretty vague.

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Senator Cynthia Lummis, who's known for backing crypto-friendly policies, has voiced tentative support for the act.

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Meanwhile, the SEC has stayed quiet about the proposed act. Chair Gary Gensler previously said clearer crypto regulations are needed, but he hasn't commented publicly on the…

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The regulatory uncertainty hasn't stopped Ripple from expanding its business operations. On April 9, the company announced a new partnership with a major financial institution in…

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Treasury Secretary Bessent made his case for the legislation during an April 8 financial conference in New York. He argued that without clear and consistent rules, the U.S.

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International regulators are watching these U.S. developments closely. The European Central Bank issued a statement on April 10 acknowledging American efforts to regulate digital…

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The crypto industry has dealt with regulatory chaos for years now. The SEC's 2025 lawsuit against Ripple sent shockwaves through markets and prompted widespread calls for clearer…

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