CLARITY Act: Ripple CLO urges Senate to hear crypto holders

Ripple Chief Legal Officer Stuart Alderoty has urged undecided and opposing senators to hear from an estimated 67 million American crypto holders before the CLARITY Act faces a 60-vote procedural test on Sep. 15. Summary Alderoty has contacted Senate offices and asked lawmakers to speak directly with crypto holders. The Sep. 15 cloture vote requires 60 senators and would open debate, not pass the bill. Ethics rules, stablecoin rewards, and protections for decentralized finance remain points of dispute. Republican senators have warned that the bill could fail without further compromise. Alderoty asks senators to meet crypto holders Ripple Chief Legal Officer Stuart Alderoty said in a post that he had contacted the offices of senators who either oppose the CLARITY Act or have not decided how they will vote. With the procedural vote approaching, Alderoty asked those lawmakers to meet “real people with digital assets” and hear how federal crypto rules could affect them. He argued that senators should listen to individual holders rather than limit their discussions to lobbyists, industry executives, and trade groups. The Ripple executive based his appeal on research from the National Cr...