Ripple Responds to U.S. Senate RFI on Crypto Market Structure Bill
The post Ripple Responds to U.S. Senate RFI on Crypto Market Structure Bill appeared on BitcoinEthereumNews.com.
Crypto firm Ripple is the latest to join a host of crypto stakeholders who have responded to the Senate Banking Committee’s Request For Information (RFI). The firm’s Chief Legal Officer (CLO), Stuart Alderoty, indicated that they were in a good position to contribute to the bill, considering their wealth of experience with regulators, including the SEC. Ripple Responds To Senate’s Request For Information In an X post, Alderoty shared the crypto firm’s response to the Senate Banking Committee’s RFI. He also thanked the Committee for the opportunity to respond to the RFI. The CLO remarked that his firm welcomes the chance to offer their unique perspective, given their over ten years of experience working with regulators globally and their hard-earned lessons from their SEC lawsuit. Thank you to @BankingGOP for the opportunity to respond to your Request For Information. With over a decade of experience working with regulators all over the world—and hard-earned lessons from our SEC fight—Ripple welcomes the chance to offer our unique perspective as Congress… — Stuart Alderoty (@s_alderoty) August 5, 2025 As CoinGape earlier reported, the Senate Banking Committee had released the RFI following the release of the draft Crypto Market Structure Bill. The Request For Information asked questions regarding regulatory clarity and tailoring, investor protection, trading venues, market infrastructure, custody, illicit finance, banking, and innovation. Ripple’s response was mainly to questions that focused on regulatory clarity. First was the question of whether the bill struck the right balance in allocating jurisdiction over digital assets between the SEC and CFTC. The crypto firm remarked that the draft creates more ambiguity rather than clarity for the industry in its attempt to distinguish the SEC and CFTC’s authority over digital assets. In line with this, they asked for additional revisions to refine jurisdictional boundaries and achieve a balanced…
Filed under: News - @ August 6, 2025 1:30 am