Ripple’s Stuart Alderoty Advocates for Crypto Holders Ahead of CLARITY Act Vote
- Stuart Alderoty, Ripple’s Chief Legal Officer, has urged senators to meet with everyday crypto holders before the September 15 procedural vote.
- Approximately 67 million U.S. crypto holders exist, with one in four American adults owning cryptocurrency, according to a survey by the National Cryptocurrency Association.
- The Senate will vote on cloture at approximately 2:15 p.m. ET, needing 60 votes to proceed to formal debate on the CLARITY Act.
- The CLARITY Act aims to establish a federal market regime for digital assets and divide regulatory responsibilities between the SEC and CFTC.
- The Senate Banking Committee passed the bill in May with a vote of 15-9, but unresolved political conflicts remain.
Alderoty emphasizes that lawmakers should engage directly with crypto holders rather than lobbyists as they consider the impacts of federal regulations on digital assets. The outcome of the September 15th vote will determine if senators can advance towards full debate on this significant legislation.
With around 67 million U.S. crypto holders, Alderoty’s outreach highlights the importance of including their voices in legislative discussions as the Senate prepares for its critical procedural vote.
