Speaking at a major crypto conference on Tuesday, Ripple CEO Brad Garlinghouse offered a reality check to the industry. While recent legislative compromises on stablecoin yields have sparked hope for the CLARITY Act, Garlinghouse cautioned attendees against assuming the bill is a guaranteed victory. He emphasized that the path forward is complex and that political hurdles remain significant despite the apparent progress.

The Ripple chief’s comments come as US lawmakers scramble to establish a comprehensive regulatory framework for digital assets. Although the stablecoin agreement marks a crucial step, Garlinghouse insists the broader market structure legislation is still far from finalized. His sobering reminder highlights the delicate nature of crypto policy-making, urging the community to remain vigilant as the bill navigates the turbulent waters of Washington.