Ripple Urges Senate to Support CLARITY Act, Warning Against FTX-Style Risks

According to Ripple officials, the company urged the Senate today to support the CLARITY Act, citing regulatory gaps that continue to expose crypto holders to unscrupulous actors. Ripple's Global Public Policy and Government Affairs Co-Lead Lauren Belive stated that opposing the act would be anti-consumer and perpetuate the FTX-era vulnerabilities. The CLARITY Act would grant the SEC and CFTC clear joint jurisdiction over digital asset markets and require tokens to undergo regulatory scrutiny before market entry.
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