Stuart Alderoty, Ripple's Chief Legal Officer, has publicly endorsed the newly introduced Digital Asset Market Clarity Act (CLARITY Act), aimed at establishing a clear regulatory framework for cryptocurrencies in the United States.
Support for the CLARITY Act
Alderoty called the bill a significant step towards establishing a transparent and consistent regulatory environment for cryptocurrencies in the US. He emphasized that 'Clarity shouldn’t be controversial' and that the bill would lead to a 'smart regulatory environment.'
Defining Regulatory Bodies
Introduced on May 29, 2025, the bill seeks to clarify the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) concerning digital assets. It aims to categorize most cryptocurrencies as virtual commodities overseen by the CFTC rather than under the SEC's securities regime.
Safe Harbor for Tokens
The CLARITY Act also introduces a four-year safe harbor provision for primary token offerings if the underlying network reaches a 'mature blockchain system' status and the total raise stays below $75 million during any 12-month window.
With the support for the CLARITY Act, the US digital asset market may receive the long-awaited regulatory clarity, potentially influencing the future of the crypto industry.
