Ripple Promotes CLARITY Act With Latest "On The Road" Campaign

Ripple has made a new push to advocate publicly for the CLARITY Act in Washington, D.C. The company’s blue mobile advertising truck was prominently placed near the U.S. Capitol displaying messages in support of the legislation. Large screens promote the regulation of digital assets with the tagline “On the road to Clarity” alongside Ripple logos. Other panels state that the CLARITY Act would provide clear regulations on digital assets and cryptocurrencies.

In a post on X, Ripple claimed the campaign aims to maintain an optimal focus on the bill while Congress considers digital asset legislation. The company wrote, “Ripple is on the road to clarity! Our Clarity truck is on the move in D.C. as Congress continues work on transparent rules of the road for digital assets.” It added, “The Clarity Act will protect consumers, support responsible innovation, and keep the U.S. competitive.”

Lauren Belive, Co-Head of Public Policy and Government for Ripple, also mentioned the campaign on social media, declaring: “On the road to clarity – literally! Ripple’s Clarity truck is out in D.C. as Congress works on the Clarity Act, which creates clear rules for digital assets and crypto.”

Ripple’s campaign comes at a time when momentum on the bill has stalled in the Senate. Senate Majority Leader John Thune adjourned the Senate for an extended recess until July 13, reducing the number of legislative days available for the CLARITY Act. Representative Anna Paulina Luna condemned the action, saying she would not vote to reopen the floor until the Senate returns.

The CLARITY Act has been referred to the Senate Legislative Calendar and is set for a hearing in the U.S. House Financial Services Committee. However, it must ultimately be approved by the full Senate floor and needs to win enough votes to overcome parliamentary obstacles. The odds of the CLARITY Act being enacted have weakened recently, partly due to concerns raised by U.S. law enforcement groups about potential risks to financial crime. The U.S. Department of Justice has rebuked those groups and backed the CLARITY Act.

Source: https://coingape.com/ripple-promotes-clarity-act-with-latest-on-the-road-campaign/