Ripple Urges Senate to Support CLARITY Act, Warns Opposition Would Preserve FTX-Style Risks
2026-07-16 00:33
Odaily Planet Daily News: Lauren Belive, Ripple’s Global Head of Public Policy and Government Affairs, stated that opposing the CLARITY Act is not opposition to the crypto industry, but rather a stance against consumers, leaving crypto holders exposed to bad actors exploiting regulatory arbitrage.
Belive noted that a market for digital assets already exists in the United States, but federal rules to protect consumers have not kept pace. She pointed out that the regulatory gaps that led to the collapse of FTX and the loss of customer funds still persist.
Belive stated that the CLARITY Act would grant the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) clear and shared jurisdiction over digital asset markets, requiring tokens to undergo regulatory oversight before entering the market.
Stuart Alderoty, Ripple’s Chief Legal Officer and Chairman of the National Cryptocurrency Association, said that opposing the CLARITY Act would allow the current unregulated status quo to continue, which can be exploited by bad actors.
Belive noted that a market for digital assets already exists in the United States, but federal rules to protect consumers have not kept pace. She pointed out that the regulatory gaps that led to the collapse of FTX and the loss of customer funds still persist.
Belive stated that the CLARITY Act would grant the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) clear and shared jurisdiction over digital asset markets, requiring tokens to undergo regulatory oversight before entering the market.
Stuart Alderoty, Ripple’s Chief Legal Officer and Chairman of the National Cryptocurrency Association, said that opposing the CLARITY Act would allow the current unregulated status quo to continue, which can be exploited by bad actors.
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