Ripple Executive: "CLARITY Act Marks Major Progress in U.S. Virtual Asset Regulation"

JH Kim

Summary

Stuart Alderoty, Chief Legal Officer at Ripple, stated that the CLARITY Act represents major progress in U.S. virtual asset regulation.
He emphasized that regulatory clarity is essential in the U.S. and noted that this bill brings the country closer to a workable regulatory framework.
Meanwhile, XRP is reported to be trading at $2.2028, down 2.57%.

Stuart Alderoty, Chief Legal Officer (CLO) at Ripple, stated on the 30th (local time) via X (formerly Twitter), "The Digital Asset Market bill (CLARITY), introduced in the United States Congress the previous day, is significant progress toward comprehensive virtual asset (cryptocurrency) regulation." He added, "Regulatory clarity is not a matter of choice but a necessity, and this bill means the United States is one step closer to a workable regulatory framework."

Meanwhile, XRP is being traded at $2.2028, down 2.57% from the previous day, on the Binance Tether (USDT) market as of 04:24 on the 31st.

XRP