Ripple CEO Raises Clarity Act Passage Odds to 90% After White House Meeting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Source: Benzinga
- White House Meeting Progress: Ripple CEO Brad Garlinghouse raised the odds of the Clarity Act passing to 90% following a White House meeting with crypto and banking leaders, indicating meaningful progress in discussions that could lead to passage by the end of April.
- Stablecoin Yield Dispute: Banks are advocating for a broad ban on stablecoin yields, arguing that crypto firms should not distribute interest to users, while crypto firms counter that such a ban stifles innovation and gives traditional banks an unfair advantage, highlighting ongoing negotiations.
- Compromise Proposal: The Digital Chamber proposed a compromise to exempt stablecoin yields when users engage in activities like liquidity provision and staking, but it remains unclear whether banking representatives will accept this proposal, with a deadline for compromise set by the White House at the end of February.
- Market Reaction Volatility: On Kalshi, the odds of the Clarity Act becoming law before June spiked from 39% to 85% on Thursday morning following statements from industry leaders, but quickly slid back to 46%, indicating that traders remain uncertain despite the optimistic rhetoric from the industry.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 173.990
Low
230.00
Averages
361.63
High
440.00
Current: 173.990
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Payment Channel: Users can deposit and withdraw rupees through the immediate payment service channel, a convenience that will enhance user experience and promote trading activity, further driving Coinbase's market penetration in India.
- Diverse Trading Products: Users will have access to spot trading across a range of assets and perpetual futures contracts covering major crypto assets, which not only enriches trading options but may also attract a broader investor base.
- Compliance Requirements: India imposes strict anti-money laundering regulations on crypto exchanges, and despite facing a 30% tax on trading gains, Coinbase's compliance registration will aid its long-term development in this market.
See More
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- Shift to Bearish Options: For the first time, options volumes in key crypto equities like iShares Bitcoin Trust (IBIT) and Michael Saylor's MSTR are shifting bearish, with put volumes surpassing calls on Tuesday, reflecting investor pessimism about Bitcoin's future prospects.
- Investor Sentiment Shift: The recent sale of Bitcoin by Strategy for the first time in four years may have prompted investors to make room for upcoming IPOs, while the growing popularity of alternative trading derivatives could be diverting attention from spot crypto, further deteriorating market sentiment.
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See More
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See More
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- Marvell Technology Soars: Marvell Technology's stock surged over 32% after Nvidia CEO Jensen Huang predicted the company would be the next to achieve a $1 trillion valuation, significantly boosting investor confidence in its future growth prospects.
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See More
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- Long Liquidations Surge: Crypto exchanges recorded $594 million in long liquidations over the past 24 hours, illustrating how forced liquidations amid market volatility have intensified downward pressure on prices.
- Impact of Strategy's Sale: Strategy's first sale of Bitcoin since 2022, despite prior communication, reversed founder Michael Saylor's mantra of 'never sell your Bitcoin,' causing panic among investors and leading to significant market fluctuations.
- ETF Outflows: Bitcoin ETFs have experienced their longest streak of net outflows, marking the 11th consecutive day, which raises concerns about future capital inflows and market stability as investor worries escalate.
See More
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- Strong Labor Market: US April JOLTS job openings unexpectedly rose by 731,000 to a 23-month high of 7.618 million, surpassing expectations of 6.866 million, indicating labor market resilience and driving stock market gains, particularly in tech stocks.
- Tech Stock Surge: Hewlett-Packard Enterprise (HPE) shares surged over 25% after reporting Q2 adjusted EPS of 79 cents, significantly above the consensus estimate of 54 cents, and raising its full-year adjusted EPS forecast to $3.35-$3.45, reflecting robust growth in AI-driven demand.
- Market Volatility Factors: Despite overall market gains, initial declines occurred due to uncertainty surrounding a US-Iran ceasefire, with oil prices slightly down as President Trump stated negotiations with Iran are progressing “at a rapid pace,” potentially affecting investor sentiment.
- Software Stocks Under Pressure: Intuit (INTU) saw its stock drop over 10% after Goldman Sachs downgraded it to sell with a price target of $276, leading to a broader decline in the software sector, highlighting a divergence in market performance among tech stocks.
See More
