Ripple Executive Says Lawmakers Now Working Through Crypto Bill Details

Alderoty, the chief legal officer of Ripple, said discussions on the proposed CLARITY Act are now focused on “specific language,” suggesting lawmakers and stakeholders are narrowing differences as they work toward a final framework.

“We rolled up our sleeves and went through specific language today,” Alderoty said in a post following the meeting, adding that work will continue in the coming days. He also thanked Representative Patrick McHenry for his role in advancing the legislation.

Drafting Phase Signals Legislative Momentum

The shift toward technical wording marks a notable step in the legislative process. While previous discussions focused on broad principles – including market structure, token classification and oversight responsibilities – moving to specific statutory language suggests lawmakers are working through implementation details.

The CLARITY Act is intended to establish clearer regulatory boundaries between agencies overseeing digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. Industry participants have long argued that ambiguity around token classification has stifled innovation and driven activity offshore.

By bringing stakeholders into detailed negotiations, policymakers appear to be accelerating efforts to finalize a workable framework.

Industry Seeks Certainty

Ripple has been one of the most prominent corporate voices advocating for clearer crypto rules in the U.S., particularly following its multi-year legal battle with federal regulators.

Alderoty’s remarks indicate that industry representatives are not only providing feedback but actively engaging in drafting discussions. That level of engagement may signal a collaborative approach between regulators and market participants, contrasting with the enforcement-driven posture that has characterized past oversight efforts.

Still, legislative progress remains subject to political dynamics and broader negotiations in Congress. The White House meeting suggests executive-branch coordination, but passage of the CLARITY Act would require alignment across both chambers.

For now, the move into “specific language” suggests that crypto policy discussions are evolving from high-level debate toward concrete rulemaking – a development that could reshape the U.S. digital-asset landscape if enacted.

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