Ripple calls for crypto unity after CLARITY defeat

• Ripple’s chief legal officer has called for greater crypto industry coordination after the CLARITY Act failed to advance.
• The Senate vote left US crypto market-structure legislation unresolved.
• Ripple continues to support federal rules covering digital assets and market structure.

Ripple Chief Legal Officer Stuart Alderoty has called for greater coordination across the crypto industry after the CLARITY Act failed to advance in the US Senate.

The legislation has faced a setback after lawmakers failed to secure enough support for further consideration.

Alderoty has urged crypto companies to work together as lawmakers continue discussions around digital-asset regulation.

The CLARITY Act was designed to establish rules for crypto market structure and clarify responsibilities between US regulators.

The Senate setback has left the legislation’s future uncertain, with further negotiations needed before lawmakers can advance it.

Ripple has continued to support a federal regulatory framework while maintaining its position on the legal status of XRP (CRYPTO:XRP).

The latest comments have added an industry response to the Senate setback as US lawmakers continue working on crypto market rules.