Techub News reports, according to NewsBTC, Ripple CEO Brad Garlinghouse stated at the CoinDesk Consensus Miami event that the next two weeks are critical for the legislative process of the CLARITY Act. He warned that if the Senate Banking Committee fails to advance the bill on schedule, its chances of passing will "drop sharply." The bill draft aims to restrict crypto companies from paying interest or yields to customers holding payment stablecoins but allows for non-functional incentives. He acknowledged that the bill is a compromise product but believes regulatory clarity is better than industry uncertainty.

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