I just watched an interesting interview where Brad Garlinghouse, the CEO of Ripple, talks about what could be the tipping point for cryptocurrencies in the U.S. It turns out he estimates a 80-90% probability that the Clarity Act will be passed this month. Basically, this is what the industry has been asking for years: real regulatory clarity.

What’s fascinating is that Garlinghouse details exactly what would change. The law would define whether a token is a security or a commodity, and establish clear boundaries between the SEC and CFTC. This is not a minor detail; it’s the point that has paralyzed everything. Less legal uncertainty = more institutional players willing to enter the crypto market.

However, Garlinghouse acknowledges there’s a sticking point: the yields on stablecoins. Banks want to avoid them (because they take deposits), while the crypto sector defends them for innovation. He even mentions that some exchanges withdrew their support over this disagreement. It’s a good example of how regulation isn’t black and white.

Meanwhile, Ripple continues building serious infrastructure. Brad Garlinghouse listed recent moves: they bought Metaco for $250 million for institutional custody (used by banks like Citi and Deutsche Börse), acquired Hidden Road for $1.25 billion for prime brokerage, and launched RLUSD as a regulated dollar on XRPL and Ethereum.

The key message Garlinghouse emphasizes is that Ripple is focused on building trillion-dollar infrastructure, not speculating on XRP’s price. And it makes sense: if regulation becomes clearer, infrastructure is what truly creates long-term value.

XRP has had one of the best performances of the year among major cryptocurrencies. With more regulatory clarity on the horizon, it’s likely the rest of the sector will start to move too. Definitely something to watch on Gate.