GREG™️

1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the US’s position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind. 2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy. 3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process. 4/ Ripple's business has never been stronger — real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.

🚨NEW: Several Democrats who have spent months negotiating the Clarity Act, including Gillibrand, Warner, Booker, Warnock, Gallego, Alsobrooks and Cortez Masto, have all voted NO. One industry leader just texted me: “It died.”

This bill isn't just a compromise…it's the product of real, substantive trades policymakers made to get here. I said this many months ago: perfect can't be the enemy of good… and let's be clear: those trades weren't small. This isn't a deal Senators should be ‘settling for’ — it's a deal that they should stand behind. Senate: the world is watching and voters are watching. Now is the time to vote yes.

Big things are coming👀

If the Clarity Act doesn’t pass this Congress, the next real opportunity to bring market structure legislation back up is 2030. That’s years of jobs, investment, and tax revenue we can avoid squandering if we finish this now.

Proud to be in the room. Making America the crypto capital of the world is within reach - let’s finish the job

🚨MASSIVE: 🇺🇸 President Trump announces a NEW-FAIR version of the CLARITY ACT. “It’s a VERY POWERFUL structured legislation which will keep us AHEAD of CHINA, and everyone else.”

🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks. Next stop: the full Senate.