Ripple Labs CEO Brad Garlinghouse touted his firm's growth since making some key acquisitions while also warning that additional crypto legislation may take longer than expected during a Friday interview with Fox Business.
"We're going to have a record quarter," he said, adding that Ripple has been "on a tear" after last year's high-profile buying spree.
In 2025, Ripple invested "approximately $4 billion into the crypto ecosystem" through investments, mergers, and acquisitions. That firm bought Hidden Road for $1.25 billion and GTreasury for $1 billion.
Aside from Garlinghouse commenting broadly on the overall crypto market, the executive spent considerable time discussing how U.S. regulation will continue to evolve and how it will spur on — or hinder — innovation across the digital asset industry.
Although largely optimistic that the CLARITY Act will pass, he voiced some concern about lawmakers and policymakers potentially failing to deliver on the promise of pushing through more crypto regulation.
"A lot of eyes are on what is U.S. regulation going to look like and is it going to get done," Garlinghouse said. "We want to make sure we can't have another Gary Gensler moment where they try to weaponize policy in a way that is about politics, not about what's good for the United States."
The CLARITY Act is meant to create a regulatory framework for digital assets. Lawmakers have spent months working on the legislation while advocacy groups from both crypto and traditional banking lobby for their interests. Notably, this week, Coinbase has again opposed the latest version of the CLARITY Act amid a long-running debate surrounding stablecoin yield.
Complications with lawmakers agreeing on CLARITY's rules have slowed things down, Garlinghouse said. While he previously expected the act to be signed by the end of April, he now has it being finalized by the end of May.
"Watching the sausage getting made here has not been pretty," Garlinghouse said of the legislative process. "We're going to get there, it's just taking a little longer than we thought."
San Francisco-based Ripple is the primary advocate for XRP.
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