Ripple CLO Ends Speculation over What's Next for Stablecoin Regulation
Photo: U.Today
The comment letter submitted to the U.S. Treasury by the National Cryptocurrency Association (NCA) on the Section 3 rules of the GENIUS Act (Docket TREAS-DO-2026-0496) closes the period of uncertainty surrounding stablecoin regulation . The document, signed by NCA President and Ripple Chief Legal Officer Stuart Alderoty , states that the industry accepts the requirement for one-hundred-percent reserves but puts forward a practical framework for protecting retail holders, so that Americans do not end up "stranded holding stablecoins if regulations change." The first requirement eliminates the risk of a sudden change in issuers' legal status.
Source: U.Today
