Ripple CLO Backs US Crypto Bill, Calls It ‘Big Step Forward’

Ripple’s Chief Legal Officer Stuart Alderoty praised the introduction of the Digital Asset Market Clarity Act, calling it a major advancement in U.S. crypto regulation. The bipartisan bill aims to provide long-overdue clarity for the fast-growing digital asset industry, establishing a clear legal framework to promote innovation and consumer protection.

In a post on X, Alderoty expressed optimism about the bill’s potential to push the U.S. closer to a smart and balanced regulatory environment. Known for his consistent advocacy of clear crypto rules, he welcomed the collaborative efforts behind the legislation. Alderoty specifically acknowledged Representatives French Hill, GT Thompson, Angie Craig, Dusty Johnson, Don Davis, Bryan Steil, and Ritchie Torres for their leadership in crafting the bill.

The Clarity Act, according to Rep. Bryan Steil, is designed to define the digital asset sector more precisely and foster an environment where blockchain innovation can thrive while ensuring financial system stability. As U.S. lawmakers begin to recognize the importance of coherent rules for cryptocurrencies like XRP, Bitcoin, and Ethereum, regulatory momentum appears to be gaining.

Alderoty has long argued that regulation should not stifle innovation but empower responsible growth in the blockchain sector. By supporting the Clarity Act, he suggests the U.S. is catching up with global peers in establishing effective crypto legislation.

Ripple’s official X account echoed the sentiment, stating that blockchain is transforming finance and more. With increasing bipartisan support and industry backing, this bill could mark a turning point for U.S. crypto policy—setting the stage for broader adoption and market confidence.