ME News reports that on September 9 (UTC+8), Ripple’s Chief Legal Officer, Stuart Alderoty, lobbied senators to advance the CLARITY Act to a procedural vote on September 15. Ripple data shows that the United States has 67 million cryptocurrency holders, with the related industry supporting 232,000 jobs and generating $55 billion in economic activity. The CLARITY Act aims to establish a federal regulatory framework for digital assets, assigning oversight of spot markets for digital commodities to the CFTC, and requires at least 60 votes to initiate formal debate. (Source: ODAILY)
Ripple CLO Advocates for CLARITY Act Procedural Vote on September 15
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Summary
Ripple’s CLO is advocating for a procedural vote on the CLARITY Act on September 15 to establish federal rules for digital assets under CFTC oversight. Ripple data indicates 67 million U.S. crypto holders, 232,000 jobs, and $55 billion in economic activity. Risk-on assets may benefit from regulatory clarity. At least 60 votes are required to advance the bill. The legislation also aligns with CFTC’s counter-terrorism financing goals.
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