Stuart Alderoty, Chief Legal Officer of Ripple Labs, praised a 160-page crypto report from President Donald Trump’s Working Group on Digital Asset Markets. He described the report as “comprehensive, helpful, and direct,” calling it a major step toward a unified U.S. regulatory framework for digital finance.
Report Signals Strong Pro-Crypto Stance
Released on July 30, the report answers an executive order aimed at boosting American leadership in digital finance. Alderoty said the recommendations outline a “blueprint for action,” emphasizing rules for market structure, consumer protections, and national security.
Ripple, a leading blockchain payment company, has battled regulatory challenges for years. The report’s pro-innovation stance and rejection of a central bank digital currency (CBDC) could reshape the company’s future.
SEC vs. Ripple Case Nears Resolution
The long-running SEC lawsuit against Ripple is approaching its conclusion. The new report urges the SEC and CFTC to define digital asset classifications and custody standards clearly. Ripple has consistently fought to ensure XRP is treated as a commodity rather than a security, similar to Bitcoin and Ethereum.
Ripple’s ecosystem, which includes XRP and the stablecoin Ripple USD (RLUSD), stands to gain from the proposed regulatory clarity. The report supports the GENIUS Act to advance stablecoin payments while rejecting a U.S. CBDC. This stance favors RLUSD, now holding a $577 million market cap and $85 million in daily trading volume.
Related article: Ripple Expands DeFi Presence with RLUSD Hitting $550M Market Cap
Moreover, U.S. SEC Chairman Paul Atkins endorsed the report, saying it supports his long-held belief that rational regulation drives innovation, protects investors, and strengthens capital markets. He also criticized the previous administration for lacking such vision. With this policy shift, Ripple may finally operate under clear, innovation-friendly rules, potentially transforming its role in the U.S. crypto market.
