Ripple CLO Urges Washington to Finalize U.S. Crypto Regulations
Ripple Chief Legal Officer Stuart Alderoty emphasizes the urgency for U.S. lawmakers to establish clear crypto regulations. In a RealClearMarkets op-ed, he highlighted the Securities and Exchange Commission's prioritization of crypto clarity, indicating it's time for predictable oversight due to consumer adoption and strong public support.
- A National Cryptocurrency Association survey found 20% of U.S. adults own crypto.
- Pew Research reports most Americans distrust current crypto investment methods.
- A YouGov poll shows more Americans favor tighter crypto regulation.
- Chainalysis estimates $1 trillion in digital asset transactions by Americans in 2024.
Alderoty argues that unclear rules push crypto activities to other jurisdictions, suggesting that clearer regulations would protect consumers and enable firms to build within the U.S. He stresses the importance of Congress acting during the fall session to ensure the U.S. maintains its leadership in financial innovation.