Ripple’s Legal Chief Urges Senate to Meet Crypto Holders
- Stuart Alderoty, Ripple’s legal chief, is encouraging undecided Senate offices to meet ordinary crypto holders as the CLARITY vote nears.
- Ripple highlights that there are approximately 67 million U.S. crypto holders and around 232,000 crypto-related jobs generating $55 billion in economic activity.
- A cloture vote on Sept. 15 will determine if at least 60 senators agree to begin debating the bill, which proposes expanding CFTC oversight over digital commodity spot markets.
- Seven Democrats have expressed concerns about the draft’s ethics, leaving it short of necessary votes for debate initiation.
The upcoming cloture vote on Sept.15 is crucial for the CLARITY Act’s progress in Congress, with Ripple emphasizing the diverse demographics of U.S. crypto holders to sway undecided senators.
The outcome depends on whether enough senators see their constituents reflected among crypto holders and decide to advance the discussion on federal market-structure framework for digital assets.(Source)
