Ripple's XRP Secures Regulatory Clarity Ahead of CLARITY Act Vote
Ripple's Chief Legal Officer Stuart Alderoty says that XRP has already secured regulatory clarity, regardless of the outcome of the CLARITY Act. According to him, this certainty came through two separate paths: the SEC lawsuit and joint SEC-CFTC guidance confirming XRP as a commodity.
Alderoty emphasized that regulators should not wait for Congress to pass legislation but instead work within the existing laws. He pointed out that even if the CLARITY Act passes, the SEC and CFTC would adjust their rules accordingly, rather than starting from scratch.
The SEC's newly proposed 400-page 'Regulation Crypto Assets' guidance cites Ripple's comment letters directly, further validating XRP's regulatory status. Alderoty argued that this shows regulators are working to provide clarity for the industry, even without legislative changes.