Ripple CEO：清晰法案立法进入关键窗口期，明确监管胜过混沌状态

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2026?5?5?,Ripple CEO Brad Garlinghouse?Consensus Miami???????:????????????(CLARITY Act)??????????????????????????????????????,???”??????”?????????????????????????,??????????????????????????????

CLARITY Act ????????????????

??????,??????????

CLARITY Act ?????2025????????????(Digital Asset Market Clarity Act of 2025,H.R.3633),????????????????????????????????????????(Congress.gov,2026)

????????:2025?7?,???294??134????????????,78??????????????????,???????????????–??????SEC??,??????CFTC????????????2026?1????????,???????????markup???,????????????(Dentons,2026-02-24)

???????????????

????????????????,??????(stablecoin yield)?????2026?1?12????????????278???,????????????????,???”???????”(activity-based rewards),??SEC?CFTC?????12??????????(Tech Insider,2026-04-20)

?????????Coinbase????????????–Coinbase????????????????2026?3?,Coinbase CEO Brian Armstrong?????????????,??????Scott Bessent????????????,????????????????????????,???Garlinghouse??”?????”?????????????

Garlinghouse???,??????????

“??????”–????????

Garlinghouse?Consensus????:”???????,?????????,??????????”??????????:????CLARITY Act?????(statute)????????SEC?????????–??????,????????????

Garlinghouse?????SEC??Paul Atkins?Atkins?????????Gary Gensler,??????????SEC??????Garlinghouse????:”Atkins????????Atkins,???????????????????????????,??????????,?????????????????”(CoinDesk,2026-05-05)

Ripple??????,????????

?????????Ripple?SEC???????,??????,???XRP??????????????????????????,?????????????????Garlinghouse??????????,???????????????????

CLARITY Act ?Web3???????????

SEC?CFTC???????????

????????,?????SEC?CFTC???????????????????????,?????????”????”(?CFTC?)???????????(?SEC?),????”??????“(investment contract asset)????????–???????????????,?????????????(Paul Hastings,2025-08-01)

??Web3??????????:??????????????,???????????????????,??????CFTC???????,??SEC??????????,??????????????????????

???????????

CLARITY Act???”???”,??”????????“???????????????????????????,????:

• ??????/?????:??????????,???CFTC??,????????????
• ??????:???????12?????5000????????(Section 4(a)(8)),?????????
• ????????:??????????????????????,??FTX?????????????
• ???????:?????”??????”???,???????????????

????????????????

??????,????????????????????????????????:

• ????????:????”????”(ancillary asset),????”????”(digital commodity),??????,?????????
• ????????:??????4???7500???,??????12??5000???,??????????
• ??????????:?????SEC??”????”???????,?????????20%??????????

?????????,???????2026????????????

CLARITY Act ? PARITY Act:??????????

PARITY Act???????????

????CLARITY Act?PARITY Act??????:CLARITY Act?????(???????????),PARITY Act?????(????????)????????,???????

PARITY Act???????????????????????????(Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act),?2025?12?20?????Max Miller?Steven Horsford????????????????:?????(wash sale)??????????????????(mark-to-market)????????????????????????(BDO,2026-01-22)

????:2026???”??????”??

???????Garlinghouse?”?????”????,???????:2026?11?????????????????????????????????????,??????????????,??????????2027??(Tech Insider,2026-04-20)

???????:???????????David Sacks??4??????????,?????????????????,??????????????????????????:??????????????,?????????CFTC????????;????????????;??????????????????????

?????:2026?????????,??????30??????????????5????markup?????????,????????????????????,?????????????????

?????

CLARITY Act??????,??????????”?????”??”?????”??????–??????,?????????????????????

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????:Aiying ??????????????????,???????,??????
??:CoinDesk|Ripple CEO Brad Garlinghouse Says Clarity Better Than Chaos as Senate Hits Key Moment,2026-05-05