Stuart Alderoty, the chief legal officer at Ripple, shared his support for clear rules on digital assets in a post on X(Twitter).
He praised the initiative and idea of the Digital Asset Market Clarity Act. Alderoty has long argued that clear laws help protect consumers and encourage growth. His reaction came after U.S. Representative French Hill officially introduced the bill.
Bipartisan Effort in Congress
On May 29, Representative Hill unveiled the Digital Asset Market Clarity Act of 2025, known as the CLARITY Act of 2025. He stressed that the bill has backing from lawmakers on both sides of the aisle, including three Democrats.
Hill said the legislation brings much-needed clarity to a sector that has seen rapid change. He added that the bill focuses on protecting users, bolstering American innovation, and building on work from the 118th Congress.
Representative Warren Davidson also weighed in. He said the CLARITY Act creates clear rules for digital assets, protecting the right to self-custody and the freedom to make transactions.
According to Davidson, these principles are critical for innovation, economic growth, and personal liberty. He noted that he has worked since 2018 to bring legal certainty to digital assets. In his view, the new bill fulfils that goal.
Defining Oversight Between Agencies
A central aim of the CLARITY Act is to outline the roles of the U.S. SEC and the CFTC. These agencies have long faced questions about which one should regulate different types of digital tokens. The bill seeks to settle that debate and provide a clear path for oversight.
Also Read: USA Leads Global Hashrate in 2024, Accounts For 40% of Global Bitcoin Hashrate
Ripple’s Alderoty thanked several lawmakers for their work on the bill. He specifically mentioned Representatives Hill, G.T. Thompson, Angie Craig, GOP Majority Whip Dusty Johnson, Don Davis, Bryan Steil, and Ritchie. Their efforts helped move the legislation forward and signalled a shared interest in a stable regulatory framework.
Industry and Market Implications
Representative Bryan Steil explained that the bill would give a detailed definition of the digital asset industry. It aims to create an environment that supports crypto innovation, safeguards consumers, and keeps the financial system steady.
If the CLARITY Act passes, companies in the crypto space would have a clearer idea of how to comply with federal rules.
Meanwhile, the SEC voluntarily dropped its high-profile lawsuit against Binance and its co-founder Changpeng Zhao. This move came at a time when digital assets are used more widely than ever.
Some believe that as the market matures, stable rules can help integrate cryptocurrencies into the broader economy. Michael Saylor, executive chairman of MicroStrategy, has shared similar views on the benefits of wider digital asset adoption.
With the CLARITY Act now on the table, lawmakers, regulators, and industry leaders will watch closely. The bill’s success may hinge on further negotiations and feedback from key stakeholders.
Also Read: TRON Founder Justin Sun Says “TRX is a coin made in the USA!”, Affirms Support for the USA