Woofun AI reports that Ripple’s Global Head of Public Policy, Lauren Belive, argued against opposing the CLARITY Act, stating such resistance harms consumers rather than the industry. She highlighted that persistent regulatory gaps continue to expose holders to bad actors exploiting arbitrage, similar to risks seen during the FTX collapse. The legislation aims to assign clear joint jurisdiction to the SEC and CFTC, mandating oversight before tokens enter the market. Stuart Alderoty, Ripple’s Chief Legal Officer, added that rejecting the bill would maintain an unregulated status quo vulnerable to exploitation.