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Ripple's CLO clarifies US stablecoin rules, pushing for user protections and regulatory balance.

Market News
20 Oct 2026
UToday
View Source
Bullish
Ripple's CLO clarifies US stablecoin rules, pushing for user protections and regulatory balance.

Ripple's Chief Legal Officer Stuart Alderoty, representing the National Cryptocurrency Association, submitted a comment letter to the U.S. Treasury outlining a practical framework for stablecoin regulation. The proposal supports 100% reserves but emphasizes protecting retail holders by ensuring users are not stranded if regulations change, enabling recovery of stolen assets, and preserving the right to self-custody and peer-to-peer transfers. This moves the regulatory dialogue forward, placing responsibility on the Treasury to finalize balanced rules that safeguard users and market stability.

As of Oct 20, 2026 16:31 WIB, XRP on Pluang trades at Rp23.326 with a 1-day change of -1.44%. The market cap stands at Rp1.470,39 trillion, while the 24-hour trading volume is Rp27,05 trillion. Pluang users show a buying preference with 60% buy orders versus 40% sell, and the typical hold time is 72 days.

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