#WeekendMarketAnalysis Ripple CEO Brad Garlinghouse, in his assessment of the cryptocurrency market structure bill discussed in the U.S. Senate Banking Committee, argued that regulatory clarity is vital for the sector.

Garlinghouse stated, “Is it perfect? No, definitely not. But is it better than having nothing? Absolutely,” indicating that despite its shortcomings, the bill represents progress.

Garlinghouse noted that the crypto sector has long faced uncertainty and expressed that clear rules are always better than chaos. Based on his experience, he said that while the market structure bill on the Senate Banking Committee’s agenda is far from ideal, it provides a foundation for improvement and that constructive work with Washington should continue.

According to Garlinghouse, the bill currently before the committee can be improved through iterations, and no backward steps should be taken at this point. He added that the process is at a critical stage with the words “We are very close.”

The discussion on the long-awaited bill aimed at establishing a comprehensive regulatory framework for crypto assets, scheduled for Thursday, was postponed at the last minute. The postponement came just hours after the bill’s support was announced, increasing uncertainty about the future of the legislation.

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