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Ripple has expressed strong support for a new report released by the White House that lays out a detailed plan to regulate the crypto market in the United States. Stuart Alderoty, Ripple’s Chief Legal Officer, described it as the most pro-crypto move ever made by a U.S. administration. The report, released on July 30, aims to redefine how the country handles digital assets, calling for swift legislative action to support crypto innovation while protecting consumers.
The 160-page document was published by the President’s Working Group on Digital Asset Markets. It comes after President Donald Trump signed Executive Order 14178, directing federal agencies to develop a national strategy for digital finance. One of the report’s key messages is clear: the U.S. wants to lead in blockchain and digital finance but without implementing a central bank digital currency (CBDC). The report argues that a CBDC could pose serious risks to Americans’ privacy, freedom, and financial independence.
The document also outlines several key recommendations for Congress. These include passing laws that protect people’s right to hold and manage their own crypto wallets (self-custody), creating clear rules for decentralized finance (DeFi), and giving the Commodity Futures Trading Commission (CFTC) the power to regulate spot crypto markets. Additionally, it promotes the use of properly backed dollar-based stablecoins and encourages innovation in private blockchain technology rather than pushing for a government-issued digital dollar.
Ripple’s Alderoty responded positively to the report, praising its direct tone and detailed suggestions. He posted on X (formerly Twitter), saying the report encourages Congress and agencies to act quickly, especially after the recent passing of the GENIUS Act. He highlighted the report’s support for the CLARITY Act and its recommendations for defining how crypto assets are classified—whether as commodities or securities. According to Alderoty, the report could help build a clearer market structure, improve consumer protections, and strengthen national security.
Alderoty’s comment calling this the “most pro-crypto Administration we’ve ever seen” reflects a broader sense of optimism within the crypto industry. Many industry leaders believe the current administration is reversing what they saw as overregulation under previous leadership. They see this new approach as more balanced, encouraging innovation while still setting rules to protect users and the financial system.
One of the major legislative efforts mentioned in the report is the GENIUS Act, passed earlier this month. It establishes clear rules for stablecoins—cryptocurrencies tied to the U.S. dollar or other fiat currencies. The GENIUS Act requires stablecoin issuers to maintain one-to-one backing with highly liquid assets and conduct regular audits. Only licensed financial institutions will be allowed to issue these coins, aiming to improve transparency, protect users, and prevent financial instability.
Another important law gaining momentum is the Digital Asset Market Clarity Act of 2025 (CLARITY Act). This bill seeks to determine whether crypto tokens should be treated as securities or commodities. That distinction is important because it decides whether the SEC or the CFTC will regulate them. For years, the lack of clarity has caused confusion and legal battles in the crypto space. Supporters say the CLARITY Act will finally bring consistency to how the government handles cryptocurrencies.
The President’s Working Group is chaired by David Sacks, who also serves as the White House’s AI and Crypto Czar. The group includes representatives from the U.S. Treasury, SEC, CFTC, and other major financial agencies. Their report is especially critical of actions taken during President Biden’s term. It points to policies like “Operation Choke Point 2.0,” which allegedly targeted and de-banked legitimate crypto companies. The group argues that those measures discouraged innovation and created unnecessary barriers for crypto businesses operating within the law.
While some critics believe rejecting a CBDC could mean the U.S. will fall behind in public digital finance infrastructure, others disagree. Supporters argue that the administration’s focus on private-sector innovation and financial privacy is the better approach. Instead of creating a government-controlled digital dollar, the White House wants to boost U.S. leadership in blockchain tech by encouraging competition and reducing government interference.
Overall, the White House’s new crypto strategy signals a major shift in U.S. policy—away from tight restrictions and toward a more open, innovation-friendly framework. Ripple and other industry players are celebrating this development, hopeful that clearer rules and stronger government support will unlock the full potential of digital assets in the years ahead.
