Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong joined other crypto executives in a meeting with Commerce Secretary Howard Lutnick to push the stalled CLARITY Act, before President Trump urged Congress to pass the bill. XRP rallied double digits on the news, while ethics provisions remain one of the toughest sticking points to a bipartisan deal.
XRP rose more than 13% to $1.12 over the past 24 hours after Garlinghouse and Armstrong met Lutnick to press the case for the Digital Asset Market Clarity Act, the market structure bill still stalled in the Senate.
Executives press the economic case with Lutnick
Journalist Eleanor Terrett reported that a16z crypto founder Chris Dixon and Kraken co-founder Arjun Sethi also attended the meeting with Lutnick, held before Trump addressed crypto industry leaders at the White House on Wednesday. The group centered the discussion on what the legislation could mean for U.S. jobs and economic growth, arguing that clearer federal rules could encourage crypto companies to build or return to the United States.
The executives also raised the ethics provisions still holding up the bill and discussed how the White House could help lawmakers find a route toward bipartisan agreement.
Trump calls the bill "very bipartisan"
At the White House event that followed, attended by SEC Chair Paul Atkins and CFTC Chair Michael Selig, Trump called the bill "very bipartisan" and said many Democrats support it. Armstrong urged the Senate to pass the Clarity Act on September 15.
Garlinghouse pointed to the bill's broad public support, noting that 67 million Americans hold crypto today, or nearly one in four. Armstrong echoed the figure and urged supporters to contact lawmakers ahead of next month's vote.
Ethics rules still block a bipartisan deal
But ethics rules remain one of the toughest sticking points, since Republicans need Democratic votes to clear the Senate's procedural threshold. Negotiators have spent months resolving stablecoin rewards, developer protections, and other disputed provisions, after the Senate Banking Committee advanced the bill in a 15-9 bipartisan vote in May.
Odds of the Clarity Act being signed into law in 2026 climbed on prediction markets following the meeting and Trump's remarks.
Sources: crypto.news, CoinGape
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