Ripple's Chief Legal Officer, Stuart Alderoty, has called for immediate action on the Clarity Act following productive discussions at the White House. The legislation, which aims to establish federal rules for digital assets, has been stalled due to disagreements over stablecoin yields. Alderoty emphasized the bipartisan momentum behind the bill and urged stakeholders to capitalize on the current opportunity to advance the legislation. The Clarity Act, passed by the House last year, has faced challenges, particularly from banking representatives concerned about the impact of stablecoin rewards on their deposit base. Despite these hurdles, crypto executives, including Coinbase's CLO Paul Grewal, expressed optimism about the progress made in recent meetings. The deadline for reaching an agreement on the bill is March 1, as the industry seeks clearer regulatory guidelines.