Ripple CEO Confirms White House Meeting between Crypto, Banking Reps

White House Hosts Another High-Stakes Crypto Meeting as CLARITY Act Stalls in Senate

In a dramatic turn of events that has the cryptocurrency world on edge, the White House has convened yet another critical meeting between banking and crypto industry leaders to discuss the fate of the controversial CLARITY Act, a sweeping market structure bill currently making its way through the US Senate.

The meeting, which took place on Thursday, saw Ripple’s chief legal officer, Stuart Alderoty, join White House officials in a bid to resolve lingering disputes over stablecoin yield provisions and other contentious issues. The development comes just days after unconfirmed reports suggested the Trump administration would follow up on its February 10 meeting regarding the CLARITY Act, which had previously failed to yield a deal on stablecoins.

Ripple’s Legal Chief Steps Into the Spotlight

Ripple CEO Brad Garlinghouse confirmed Alderoty’s attendance during a Fox News interview, signaling the company’s continued push to influence the legislative process. The move underscores the high stakes involved as the crypto industry seeks to shape regulations that could redefine the digital asset landscape in the United States.

The CLARITY Act, passed by the House of Representatives in July, has faced numerous delays in the Senate, including two government shutdowns—one of which lasted a record-breaking 43 days in 2025. Democratic lawmakers have raised concerns about potential conflicts of interest, while industry groups have lobbied for provisions addressing decentralized finance (DeFi), tokenized equities, and stablecoin yields.

Mar-a-Lago Crypto Forum Adds Fuel to the Fire

The White House meeting came on the heels of a high-profile crypto forum hosted by World Liberty Financial, a company founded by President Trump’s sons, at the president’s Mar-a-Lago club. The event drew policymakers, including CFTC Chair Michael Selig and Ohio Senator Bernie Moreno, who boldly predicted the CLARITY Act would pass Congress and be signed into law “by April.”

Moreno’s optimism, however, stands in stark contrast to the bill’s turbulent journey through the Senate. The Agriculture Committee voted to advance its version of the digital asset market structure bill in January, but the Banking Committee has hit a roadblock following fierce opposition from Coinbase CEO Brian Armstrong.

Armstrong’s Rebellion Shakes the Industry

Armstrong has emerged as a vocal critic of the bill, particularly its provisions restricting rewards on stablecoin holdings. He has warned that the legislation could undermine the CFTC’s authority in favor of broader SEC oversight, sparking a heated debate within the industry. Armstrong’s stance has effectively stalled the Banking Committee’s markup of the bill, which was originally scheduled for January but has since been postponed indefinitely.

The CEO’s objections have also raised concerns about tokenized equities, adding another layer of complexity to an already contentious legislative process. As of Thursday, the committee had not rescheduled the markup, leaving the industry in limbo.

A Battle for the Future of Crypto in the US

The CLARITY Act represents a pivotal moment for the cryptocurrency industry in the United States. Proponents argue that clear regulations are essential to foster innovation and protect consumers, while critics fear the bill could stifle growth and entrench the dominance of traditional financial institutions.

The White House’s ongoing engagement with industry leaders suggests that the administration is keenly aware of the stakes involved. However, the lack of a public statement from White House crypto advisers Patrick Witt and David Sacks has left many wondering about the administration’s true intentions.

What’s Next for the CLARITY Act?

As the Senate grapples with the bill’s future, the crypto industry remains on high alert. The outcome of the White House meeting could prove decisive, potentially paving the way for a compromise that satisfies both regulators and industry stakeholders.

For now, all eyes are on the Senate Banking Committee, which holds the key to the bill’s passage. With Senator Moreno’s April deadline looming, the pressure is mounting to find common ground and move the legislation forward.

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