Ripple CLO: XRP Has Already Won Regulatory Clarity

Ripple's Chief Legal Officer Stuart Alderoty says that XRP has already secured regulatory clarity, regardless of whether Congress passes the CLARITY Act. This clarity came through two separate paths: the outcome of Ripple's own SEC lawsuit and joint SEC-CFTC guidance confirming XRP as a commodity.

Alderoty notes that this clarity didn't come easily, with many in the industry initially dismissing Ripple's claims that it was fighting for the broader crypto community. However, sentiment has shifted since, with more of the industry recognizing Ripple's role in shaping the legal landscape.

The SEC's newly proposed 400-page 'Regulation Crypto Assets' guidance cites Ripple's comment letters directly and reflects several legal positions argued during the lawsuit. Alderoty argues that regulators shouldn't wait for Congress to act, as their job is to work within existing laws to protect consumers and market integrity.

Ripple has already crossed the threshold of regulatory uncertainty, and XRP's status isn't riding on the outcome of the CLARITY Act. Whatever happens in Washington, Ripple and XRP have secured clarity through hard-won litigation and joint guidance from regulators.