Ripple CLO Stuart Alderoty Says CLARITY Act Talks Shift to Drafting

TLDR

• Ripple Chief Legal Officer Stuart Alderoty said lawmakers are now reviewing specific language for the CLARITY Act.
• Alderoty confirmed that participants worked through detailed statutory text during recent meetings in Washington.
• He thanked Representative Patrick McHenry for helping move the crypto legislation forward.
• The CLARITY Act aims to define oversight roles between the SEC and the CFTC.
• Industry representatives took part in drafting discussions alongside lawmakers and executive branch officials.

Lawmakers and industry representatives are now drafting precise statutory text for a major crypto bill. Ripple Chief Legal Officer Stuart Alderoty confirmed the shift after meetings in Washington. He said discussions on the CLARITY Act now center on exact wording and implementation details.

CLARITY Act Discussions Move to Technical Drafting Stage

Alderoty said participants reviewed “specific language” during the latest policy session. He shared the update in a public post after the meeting. He stated, “We rolled up our sleeves and went through specific language today.” He added that discussions will continue in the coming days.

He thanked Representative Patrick McHenry for advancing the legislation. He said McHenry has played an important role in moving talks forward. Lawmakers and stakeholders focused on refining definitions and oversight provisions. They worked through line-by-line text that could shape the final statutory language.

Earlier talks addressed market structure and token classification at a broad level. However, current sessions concentrate on drafting enforceable rules. Participants are now aligning terminology tied to agency jurisdiction. They are also reviewing how the bill assigns regulatory responsibilities.

Ripple Engages Directly in Legislative Negotiations

Ripple has taken part in policy meetings related to digital asset regulation. The company has engaged with lawmakers during negotiations over the bill’s framework. Alderoty indicated that industry representatives contributed directly to drafting discussions. He said participants examined wording that could guide agency enforcement.

The CLARITY Act seeks to define oversight boundaries between the SEC and the CFTC. Lawmakers aim to clarify how agencies classify and supervise digital tokens. Industry groups have argued that unclear definitions created compliance challenges. They have also said that regulatory overlap increases legal disputes.

Ripple’s involvement follows its multi-year court dispute with federal regulators. The company has advocated for clearer federal rules governing digital assets. Alderoty’s recent comments show continued engagement in the legislative process. He described the talks as focused and text-driven.

Officials from the executive branch also attended recent meetings. The White House session indicated coordination across branches of government. However, Congress must pass the bill through both chambers. Lawmakers continue negotiations as they refine draft provisions.

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