Ripple CLO: September Is the "Bellwether" for the CLARITY Act | Stuart Alderoty

Stuart Alderoty contrasts the prior SEC's regulation-by-enforcement approach with the current SEC/CFTC push for clearer crypto rules. He explains that XRP has obtained court and agency clarity as a non-security digital commodity, putting Ripple in a privileged position. He also frames September 15's Senate CLARITY Act vote as a key legislative catalyst, while noting that SEC/CFTC rulemaking would continue even if the bill stalls. - Alderoty contrasts prior SEC regulation by enforcement with current SEC/CFTC coordination. - XRP was ruled not a security and later clarified as a digital commodity. - The CLARITY Act faces a September 15 Senate procedural vote requiring 60 votes. - If legislation stalls, SEC and CFTC rulemaking is expected to continue. - NCA research shows 67M US crypto owners, 232,000 crypto-related jobs, and $55B in economic activity. - Ripple made $2B in acquisitions and targets an institutional one-stop shop for custody, payments, and stablecoins. - Ripple's Swell 2026 event is planned for the last week of October in New York.