Ripple CLO says the Clarity Act may open up the U.S. crypto market

(AsiaGameHub) –   Stuart Alderoty, Ripple’s Chief Legal Officer, states the Clarity Act could deliver the clear rules that U.S. crypto users and investors have waited years to receive.

Good to Know

• The Senate Banking Committee advanced the Clarity Act via a 15-9 vote on May 14.
• The bill would split oversight of digital assets between the SEC and CFTC.
• XRP would be categorized as a digital commodity under the proposal.

XRP Stands to Benefit From Clearer Crypto Rules

The Clarity Act is now one step closer to a full Senate vote after clearing the Senate Banking Committee with bipartisan support. Every Republican on the panel backed the bill, along with two Democrats, even despite opposition from Elizabeth Warren.

Alderoty frames the bill as a consumer protection measure, not protection for the crypto industry.

“The Clarity Act isn’t about shielding an industry. It’s about protecting everyday Americans who deserve clear rules when they take part in the multi-trillion dollar crypto economy. 67 million Americans already hold crypto. The data is clear. It’s time,” Ripple CLO Stuart Alderoty said in a post.

The bill would answer one of the largest open questions in U.S. crypto regulation: when does the SEC oversee a digital asset, and when does the CFTC take over responsibility? This question has shaped enforcement actions since 2017, leaving many token projects, exchanges and investors to operate amid vague, unclear rules.

For Ripple and XRP, the stakes are especially high. The Clarity Act would classify specific named tokens, including XRP, as digital commodities. This change would reduce legal uncertainty surrounding XRP and could make the asset far more accessible to large institutional investors.

Analysts at Standard Chartered estimate the bill could bring an extra $4 billion to $8 billion in inflows to XRP ETFs alone. That number explains why parties tied to Ripple have tracked the legislation so closely.

The recent committee vote also gives the Digital Asset Market Clarity Act a rare foothold in Washington crypto policy. It is the first broad crypto market structure bill to clear the Senate Banking Committee with bipartisan support.

Even so, final passage remains challenging. The bill needs 60 votes on the Senate floor to defeat a filibuster. Lawmakers will also need to reconcile different versions of the bill from the Banking and Agriculture committees before aligning the final text with the House version passed in July 2025.