Ripple’s CLO Highlights Significant Crypto Vote Ahead of US Polls

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ripple‘s CLO Highlights Significant Crypto Vote Ahead of US Polls



Ripple‘s Chief Legal Officer Stuart Alderoty once again emphasized the importance of crypto voting ahead of the upcoming US presidential election. Crypto assets and related regulations have become a major issue ahead of the elections, with many candidates making statements pointing to clearer policies. U.S. lawmakers have also noted a recent shift in bipartisan efforts.

Ripple’s CLO Gains Crypto Votes


Alderoty, Ripple’s CLO, welcomed the latest pressure on Congress but added that it is necessary for crypto enthusiasts to vote en masse in the November polls. In an article dated June 7

It’s great that crypto is using its collective voice through calls, letters, and emails to Congress, but if crypto DON’T VOTE, everything becomes noise. Politicians on both sides of the aisle must understand that votes are at stake.

— Stuart Alderoty (@s_alderoty) June 7, 2024

This statement sparked a positive reaction from the crypto community, with users expressing similar sentiments. Many crypto asset users have pledged to support candidates with friendly policies to see the industries thrive. This year, donations to crypto PACs reached $100 million, with major contributions from industry executives. Like companies Coinbase They have pledged clarity in legislation and donated to Super PACs to advance the industry’s cause in the upcoming election.


The heat of pro-crypto legislation has also been felt in Congress, with lawmakers working on bipartisan efforts to ensure market clarity. Pro-Biden lawmakers, Representative Ro Khanna recently rallied behind the FIT21 legislation and called on the White House to support the bill.

“…Concerns that management is being too negative about blockchain. Speaker Pelosi and I supported Patrick McHenry’s latest bill to provide regulatory clarity. “I think it would be beneficial for the White House to stand behind this.”

Crypto Regulator Sees Way



Despite the recent negativities, the crypto market has made giant strides ahead of the US elections this year. In recent years, the industry has complained about the lack of clarity in the rules and the approach of the Securities and Exchange Commission (SEC). Last month, lawmakers voted to overturn the SEC’s SAB 121 bill, even though it was vetoed by President Biden. Meanwhile, it was passed by the Parliament FIT21 legislation. Market participants urged the Senate to support the bill to create clearer guidelines.

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David is a financial news writer with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has a talent for keeping up with breaking news. Staying on top of trends, David is knowledgeable about regulations, partnerships, crypto assets, stocks, NFTs, etc. He reported in various fields such as. Away from the financial markets, David cycles and rides horses.





The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.

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