Ripple’s CLO Supports U.S. Crypto Clarity Act as a Milestone for Regulation

Ripple's Chief Legal Officer, Stuart Alderoty, praises the bipartisan CLARITY Act, calling it a significant advancement toward clear crypto regulation in the U.S.

Jamie Bennett
Crypto Analyst
3 min min read
47,160
Ripple’s CLO Supports U.S. Crypto Clarity Act as a Milestone for Regulation
Stuart Alderoty, the Chief Legal Officer at Ripple, recently expressed strong support for the bipartisan CLARITY Act, stating it represents a major step forward for cryptocurrency regulations in the United States. He emphasized that clarity in crypto legislation should not spark controversy and that this bill aims to create a practical and working framework for the industry. Additionally, U.S. Congressman Bryan Steil, along with several other lawmakers, has introduced the Digital Asset Market Clarity Act, reinforcing calls for transparent regulations during what they term the 'golden age of digital assets.'

In a recent post, Alderoty thanked legislators such as Rep. French Hill and Rep. Angie Craig for their efforts, stressing the need for comprehensive rules to support the crypto sector. This development in U.S. regulatory frameworks may enhance market sentiment and provide a clearer operational environment for cryptocurrency businesses and investors alike.

Analysis

Market Sentiment

70% Bullish
Bearish Neutral Bullish

News Impact

8/10

Credibility: 8/10

Trading Recommendation

XRP
XRP
BUY

Entry Price

$0.75

Confidence

80%

Stop Loss

$0.7

Take Profit

$0.85 - $0.9

Strong regulatory news positively impacts market sentiment for XRP.