Ripple welcomes the White House's 160-page report, viewing it as the strongest pro-cryptocurrency administration in U.S. history.
Ripple has expressed strong support for the cryptocurrency asset strategy report published by the White House on July 30 through the President's Working Group on Digital Asset Markets. This 160-page report outlines a comprehensive national strategy to expand the global leadership role of the United States in digital financial technology, while also demonstrating a strong opposition to the deployment of central bank digital currency (CBDC).
Stuart Alderoty, Ripple's General Counsel, praised the report on platform X, stating it is the 'most pro-cryptocurrency administration we have ever seen.' He described the report as 'comprehensive, useful, and clear,' serving as an action plan to urge Congress and federal agencies to act immediately after the GENIUS Act is passed.
The report calls on Congress to quickly pass legislation to protect the right to self-custody of digital assets, clarify the legal framework for decentralized finance (DeFi), grant legal authority to the Commodity Futures Trading Commission (CFTC) over the spot market, and promote the legal development of USD-pegged stablecoins. The working group asserts that CBDCs pose risks to financial privacy, economic freedom, and national sovereignty of the U.S.
New legal framework through key bills
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), recently passed this month, establishes a federal legal framework for stablecoins. The act requires stablecoins to be backed 1:1 by highly liquid assets, undergo monthly audits, and only allows licensed organizations to issue them in order to enhance consumer protection and financial stability.
In parallel, the CLARITY Act (Digital Asset Market Clarity Act of 2025) is being pushed to clearly determine whether a digital asset is a commodity or a security, thereby clarifying the regulatory scope between the CFTC and the U.S. Securities and Exchange Commission (SEC), while also creating legal certainty for the entire digital asset market.
The President's Working Group, chaired by David Sacks – White House Special Envoy for AI and Crypto, includes senior representatives from the Department of Treasury, SEC, CFTC, and other federal agencies. The report strongly criticized actions taken during the Biden administration, particularly the 'Operation Choke Point 2.0' campaign, which is accused of systematizing the denial of banking services to legitimate cryptocurrency companies.
Although some critics argue that the anti-CBDC stance will cause the U.S. to miss the opportunity to develop digital public financial infrastructure, supporters counter that the White House is restoring innovative momentum and prioritizing financial privacy by empowering the private sector to develop blockchain solutions.
