Who's backing the bill
Ripple was the only company named in the announcement, but the group described itself as representing 'crypto industry leaders' — a broad coalition of industry players. Ripple's legal chief, the company's top lawyer, led the push. The timing was deliberate: the markup is the first serious test of whether the bill can survive committee.
The rationale behind the support
Supporters say the CLARITY Act would accomplish three things the industry has
