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Cooling DownSnapshot Window: 2026-07-24 01:30 UTC · ← Back to Crypto Overview
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BREAKING BRAD GARLINGHOUSE LIVE ON TV. "THE INDUSTRY WANT CLARITY" IT'S A DONE DEAL FOLKS..#RIPPLE IS LEADING REGULATORY FOR THE WHOLE INDUSTRY. #RIPPLE HAS BECOME PART OF THE GLOBAL FINANCIAL SYSTEM [Spoken audio]: car island in the gulf in the not too distant future. Germany now is the CEO of Ripple, of Rad and Garley House back with us. Brad, good to see you. Thank you so much for being here, and I just say that Galaxy is predicting a 60% chance that the clarity bill passes before the August recess. That's lower than a previous estimate, but you heard what Jamie Diamond said to me. He's not happy with the Clarity Act. He doesn't like the fact that the crypto companies will be able to pay your wards he's going to fight it and continue fighting it. He doesn't believe Brian Armstrong at Coinbase is representing the industry. What is your take from Ripple's standpoint? Well first I think you have to recognize that Jamie Dimon has been dismissing this industry for a decade. He's called the Ponzi scheme, he's called Bitcoin and Pet Rock and if you look at JP Morgan they generate twenty billion dollars of revenue from their payments business and five over five billion dollars of profit. So I think Jamie Diamond also should be clear that you know he is trying to protect and dig a deeper boat for a business that's extremely profitable for them and they want to kind of maintain the status quo. So I think you know as much as we can talk about whether or not Brian Armstrong is in the industry he's not he's representing Coinbase in certain ways he's gonna look out for Coinbase's best interest but at the end of the day I think what Jamie Diamond did at disservice around when he did that interview to you which I think was a great interview is that he's representing that there's this reduces compliance concerns or it actually makes it easier to do bad things and that's just not true. It's either intentionally misrepresentation or even negligent to try to make support for the clarity act go away. Okay. Well Brad I mean this is a victory for for Ripple and it's a victory for the crypto industry. How How do you turn or convert regulatory victories here where you are looking at a framework and you are looking at the regulation open up for the crypto industry? How do you turn that into financial adoption when you look at Main Street, when you look at potential customers? Well, let's look at it from start with the consumer, 90% of crypto trading right now is offshore, not in the United States. That is a protecting US consumers. We actually want that to be and have protection by adopting frameworks so that more of that happens domestically. That is a step, a positive step. Now, as you know, Ripple is really focused on the enterprise. We serve banks. We serve payment providers. We serve prime brokerage customers, corporates. So we're not focused on consumers. And what we find is, when something like the Clarity Act gets passed, that certainty allows CFOs and treasures and bank executives to lean in where, right now, they might be a little bit nervous, that a future regulator, a future Gary Gensler, who really, it was attacking this industry, could rekindle some of those attacks. So the Clarity Act really puts that to bed. As Tim Scott said on this show earlier today, it allows the United States to lead in an industry where we have been lagging because we haven't had this clarity. The industry wants clarity and wants regulation. And when you have Jamie Dimon representing that somehow we're trying to circumvent regulations, like nothing can be further from the shirt.
