Brad Garlinghouse says XRP has already cleared its legal hurdle. Ripple’s CEO pointed to a federal judge’s ruling from the company’s four-year fight with the SEC: XRP itself is not a security.

“That is clarity for XRP,” Garlinghouse said.

But he says that’s not enough. Ripple’s position is that the whole crypto industry needs the same certainty, which is why the company is pushing hard for the Clarity Act.

Garlinghouse pointed to optimism from lawmakers Tim Scott and Patrick Whit, who spoke earlier at the same event, as reason for his own confidence in the bill’s chances. “They’re optimistic. So I’ll be optimistic,” he said.