Ripple CLO says 67M Americans defy crypto stereotype

Ripple Chief Legal Officer Stuart Alderoty pushed back on the idea that cryptocurrency remains a niche dominated by young men, pointing to survey data showing 67 million Americans now hold digital assets. Summary Alderoty says 67 million American crypto holders show digital assets have moved beyond niche stereotypes. NCA research found 42% of recent crypto purchasers were women, compared with 34% earlier adopters. 28% of recent holders were 55 or older, versus 18% aged between eighteen and twenty-four. The Senate delayed its CLARITY Act floor vote until September as bipartisan negotiations remain unresolved. Ripple funded the National Cryptocurrency Association with $50 million, while Alderoty serves as its president. His Aug. 7 comments responded to a Wall Street Journal editorial that referred to supporters of crypto regulation as “the crypto boys.” Alderoty argued that the label mischaracterizes a group of users. He cited Americans working in education, construction, health care and small business. His argument comes as Washington debates the CLARITY Act, giving the demographic question a dimension rather than leaving it as a dispute over industry image. Ripple CLO challenges cr...