During a panel at the Binance Online event, three prominent crypto industry leaders — Brad Garlinghouse (CEO of Ripple), Lily Liu (President of the Solana Foundation), and Richard Teng (CEO of Binance) — discussed the pressing need for the Clarity Act, currently under consideration in the U.S. Senate Banking Committee. They argued that while the current regulatory environment is favorable, it lacks the legislative clarity necessary for long-term institutional adoption. Garlinghouse highlighted that financial institutions are hesitant to invest heavily in crypto due to uncertainty about future regulatory leadership. Liu emphasized the disproportionate impact of U.S. legislation on global markets, noting that clear, codified regulations are essential for fostering innovation. Teng pointed out that U.S. regulatory actions often prompt international responses, affecting how other countries develop their own crypto regulations. The Clarity Act aims to provide clear rules for various crypto categories, which could significantly enhance institutional participation in the market. All three executives agreed that the passage of the Clarity Act should be a top priority for the industry, with Garlinghouse estimating a 70% likelihood of its approval this year, potentially reshaping the future of crypto adoption in the U.S.