Ripple Welcomes White House's 160-Page Report, Assessing It as the Strongest Crypto-Asset Supporting Government in US History.
Ripple has expressed strong support for the crypto asset strategy report published by the White House on July 30 through the Presidential Working Group on Digital Asset Markets. This 160-page report outlines a comprehensive national strategy to expand the United States' global leadership in digital financial technology, while also showing a strong stance against the deployment of central bank digital currencies (CBDC).
Stuart Alderoty, Ripple's Legal Director, praised the report on platform X, describing it as the "most crypto-asset supporting government we have ever seen". He assessed the report as "comprehensive, useful, and clear", acting as an action plan to prompt Congress and federal agencies to act immediately after the GENIUS Act was passed.
The report calls on Congress to quickly pass legislation to protect digital asset self-custody rights, clarify the legal framework for decentralized finance (DeFi), grant legal authority to the Commodity Futures Trading Commission (CFTC) for spot markets, and promote the legal development of USD-pegged stablecoins. The working group affirms that CBDC poses risks to financial privacy, economic freedom, and US national sovereignty.
New Legal Framework through Key Bills
The recently passed GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) has established a federal legal framework for stablecoins. The Act requires stablecoins to be 1:1 backed by highly liquid assets, undergo monthly audits, and only allows licensed institutions to issue them to enhance consumer protection and financial stability.
In parallel, the CLARITY Act (Digital Asset Market Clarity Act of 2025) is being promoted to clearly determine whether a digital asset is a commodity or security, thereby clarifying the regulatory scope between the CFTC and the US Securities and Exchange Commission (SEC), and creating legal certainty for the entire digital asset market.
The Presidential Working Group, led 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 during the Biden administration, particularly the "Operation Choke Point 2.0" campaign, which was alleged to have systematized the denial of banking services to legitimate crypto asset companies.
Although some critics argue that the anti-CBDC stance will cause the US to miss opportunities for developing digital public financial infrastructure, supporters counter that the White House is restoring innovation momentum and prioritizing financial privacy by empowering the private sector to develop blockchain solutions.
