Ripple General Counsel Lobbies Senators to Advance CLARITY Act on September 15

According to Bitcoin.com, Ripple Chief Legal Officer Stuart Alderoty has recently visited the offices of several senators with undecided or opposing stances, requesting that they meet with actual U.S. cryptocurrency holders before the vote. Ripple cites data showing that there are currently 67 million cryptocurrency holders in the United States, with the industry providing 232,000 jobs and generating approximately $55 billion in economic activity. A procedural vote will take place on September 15, requiring at least 60 votes to initiate formal debate on the CLARITY Act. The bill aims to establish a federal regulatory framework for digital assets, transferring oversight authority of the digital commodity spot market to the CFTC, marking the largest expansion of the CFTC's powers in its history. Currently, seven Democratic senators have raised ethical concerns regarding the bill, leaving uncertainty over whether it can clear the 60-vote threshold.