Ripple is stepping up its lobbying push ahead of an expected Senate floor vote on the Digital Asset Market Clarity Act, with two senior executives warning lawmakers that rejecting the bill wo
Ripple is stepping up its lobbying push ahead of an expected Senate floor vote on the Digital Asset Market Clarity Act, with two senior executives warning lawmakers that rejecting the bill would leave millions of crypto holders exposed to the same regulatory gaps that have enabled misconduct in the past.
Ripple Chief Legal Officer Stuart Alderoty said the stakes could not be clearer. "A vote against the Clarity Act is a vote to leave the same unregulated conditions in place to be exploited by bad actors," he said, adding that the industry had already seen the consequences of inaction and should not repeat them.
Alderoty has noted that 67 million American adults now hold digital assets, arguing that transparent legal safeguards for such a large investor base are urgently needed. Ripple's stake in the debate is personal: the company fought the SEC for four years over $XRP's legal status.
Ripple's global co-head of public policy and government, Lauren Belive, presented the CLARITY Act as a direct test of congressional support for consumer safeguards, arguing on July 15, 2026, that opposing the legislation would preserve regulatory uncertainty that companies can exploit. "Voting no on the CLARITY Act isn't being against the crypto industry, it's anti-consumer. It's a vote to leave crypto holders exposed to bad actors playing regulatory arbitrage," she said.
Belive argued that the same regulatory gaps that allowed the FTX collapse still exist today, leaving investors without clear protections.She challenged lawmakers who claim to support regulation while opposing the bill, saying: "You can't credibly call yourself pro-regulation and vote no on the bill built to actually create regulation. At some point, opposing CLARITY is just a vote to preserve the status quo, and the status quo is what failed consumers in the first place."
The Digital Asset Market Clarity Act is the most comprehensive piece of crypto regulation ever to pass one chamber of the United States Congress, clearing the House of Representatives on July 17, 2025, with a 294-134 vote.The Senate Banking Committee advanced the bill by a vote of 15-9.
The bill would establish a framework that classifies digital assets as either securities regulated by the SEC or digital commodities overseen by the CFTC, providing long-sought regulatory clarity for the crypto sector.The bill has cleared every hurdle except the Senate floor, where it needs 60 votes, with leaders pushing to pass it before the August recess.The ethics provision remains the biggest obstacle, with Trump's annual disclosure listing $635 million in meme coin royalties and roughly $515 million from World Liberty Financial token sales, and Democrats demanding limits on officials holding crypto business interests before supplying the missing votes.
Sources:Bitcoin.com News: Ripple Warns Senate on CLARITY ActCongress.gov: Digital Asset Market Clarity Act (H.R. 3633)CNBC: Crypto industry scores win as Clarity Act clears Senate Banking Committee
