Ripple CEO Urges Banks and Crypto Industry to Work Together on Stablecoin Rules

Highlights:

• Ripple CEO Brad Garlinghouse urges banks and the crypto industry to collaborate on regulations and stablecoin yields.
• Lawmakers and banks worry stablecoin yields could hurt deposits, while crypto pushes for smart rewards to drive innovation.
• JPMorgan predicts a crypto market recovery if Congress passes the market structure bill by mid-year.

Ripple CEO Brad Garlinghouse says this is an important moment for banks and the crypto industry to work together. In a recent post on X, he stressed the need to continue discussions about how stablecoins can offer yield. His comments come at a key time in the United States, as lawmakers work on the proposed CLARITY Act. The bill aims to define federal crypto rules, but stablecoin-related provisions are still strongly debated.

Ripple Seeks Common Ground with Banks on Crypto Rules

Garlinghouse said the “door to a deal is wide open.” He used this phrase to encourage banks and financial institutions to take part in discussions about clear regulations and market structure. His statement followed intense discussions between crypto industry leaders, banking groups, and policymakers. They are trying to reach a compromise that could shape how digital assets fit into the traditional financial system in the future.

The door to a deal is wide open. The banks just need to act in good faith and walk through it.

— Brad Garlinghouse (@bgarlinghouse) February 28, 2026

However, lawmakers are keen to ensure that these digital dollars do not put pressure on bank deposits. Banking associations, such as the American Bankers Association and the Bank Policy Institute, are also cautious about the matter. They believe that the availability of yield options could affect the banking system. However, people in the crypto world have a different opinion on the matter. They believe that reward options are necessary for innovation.

The CLARITY Act aims to set clear federal rules for digital assets and stablecoins. However, stablecoin yield rules remain the biggest disagreement, and a planned March deadline passed without a deal. Brad Garlinghouse says progress depends on cooperation, not conflict. He also said Ripple remains open to working with banks.

🚨BREAKING: CEO of @Ripple – Brad Garlinghouse says that Banks are welcome to make a deal. #XRP pic.twitter.com/8KE8RRlTxy

— JackTheRippler ©️ (@RippleXrpie) March 1, 2026

Crypto Will Recover If Congress Passes Market Structure Bill: JPMorgan

JPMorgan says crypto markets could pick up later this year if Congress passes the market structure bill. The bank believes clearer rules from Washington would reduce uncertainty and give traders and investors more confidence. In a recent note, analyst Nikolaos Panigirtzoglou said market sentiment is still weak right now. But he added that if lawmakers approve the legislation, possibly by mid-year, it could lift crypto markets in the second half of the year.

Earlier, Ripple’s CEO stated that he views an 80% to 90% chance of Congress passing the bill by April. U.S. Senator Bernie Moreno and Coinbase CEO Brian Armstrong are also optimistic about the possibility of the CLARITY Act moving forward in the same period.

Ripple CEO Brad Garlinghouse said he believes there is roughly an 80% likelihood that the CLARITY Act will pass Congress by April, signaling optimism about upcoming crypto legislation.

He emphasized that the bill could establish a clearer legal framework for digital asset… pic.twitter.com/nCgn581Hv0

— CryptoSensei (@Crypt0Senseii) February 19, 2026

Many industry insiders think that if the CLARITY Act passes, it will finally help alleviate the regulatory uncertainty that has kept institutional investors out of the crypto market in large numbers. Billionaire investor Kevin O’Leary has also expressed faith in the legislation. He said clear crypto regulations could help push Bitcoin toward $200,000 in the long run.

🚨 BREAKING

Billionaire Kevin O’Leary says the Clarity Act will pass and send Bitcoin to $200,000. pic.twitter.com/DM6au6GIKM

— BitPass (@aw1765958) March 2, 2026

At the moment, Bitcoin is trading around $66,213. The price has bounced back nearly 1% after its recent decline following the U.S.–Israel strikes on Iran.