Ripple Chief Legal Officer Stuart Alderoty is lobbying U.S. senators to help the CLARITY Act clear a procedural vote set for Sept. 15. According to figures cited by Ripple, 67 million people in the United States hold cryptocurrency, while the industry supports 232,000 jobs and generates $55 billion in economic activity. The bill is designed to create a federal regulatory framework for digital assets and would place oversight of digital commodity spot markets under the Commodity Futures Trading Commission, or CFTC. It needs at least 60 votes to open formal debate in the Senate. The update was reported by Odaily.
Ripple Chief Legal Officer Stuart Alderoty is lobbying U.S. senators to support the CLARITY Act in a procedural vote scheduled for Sept. 15, according to Odaily.
Ripple said the United States has 67 million cryptocurrency holders. The company also said the sector supports 232,000 jobs and generates $55 billion in economic activity.
The CLARITY Act would establish a federal regulatory framework for digital assets and assign oversight of digital commodity spot markets to the Commodity Futures Trading Commission (CFTC). The measure needs at least 60 votes to move into formal debate.
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