Ripple Warns Senate: Rejecting Clarity Act Risks Crypto Chaos

Ripple is urging the U.S. Senate to pass the CLARITY Act, which aims to clarify oversight by sharing authority between the SEC and CFTC.

The company warns that rejecting this bill would maintain regulatory gaps exposing crypto users to risks similar to the FTX collapse.

Ripple argues that without the legislation, bad actors can exploit the current regulatory uncertainty, leaving consumers unprotected.