Ripple’s chief legal officer calls for clear crypto safety rules under the GENIUS Act

Stuart Alderoty filed comments with the US Treasury urging protections that keep stablecoin holders from getting stranded Ripple’s top lawyer wants crypto users to have the kind of safety net most bank customers take for granted. Chief Legal Officer Stuart Alderoty says people holding digital assets need clear protective rules, and he points to the GENIUS Act as the model. The timing matters. The law’s new stablecoin rules are expected to begin taking effect on January 18, 2027, and the window for shaping the details has now closed. What Alderoty actually asked for On October 19, 2026, Alderoty submitted formal comments to the US Treasury. He filed them on behalf of the National Cryptocurrency Association (NCA), not just Ripple. That date was the final day of the public comment period on the GENIUS Act. The GENIUS Act sets up a framework for payment stablecoins. Those are digital tokens built to hold a steady value, typically pegged to a currency like the dollar. One of the law’s central features is a 100% reserve requirement for those stablecoins. Alderoty’s comments backed that requirement. Reserves were only part of the pitch. Alderoty’s bigger focus was what happens to ordinary...