Stuart Alderoty, Ripple’s chief legal officer, urged the US Treasury to establish clear protections for stablecoin holders in comments filed on behalf of the National Cryptocurrency Association on October 19, 2026. He supports the 100% reserve requirement and proposed safe-harbor redemption periods, recovery pathways for stolen assets, and protections for self-custody and peer-to-peer transfers. He also distinguished software providers, which give users tools to manage assets they control, from custodial intermediaries, which physically hold those assets. The proposals aim to prevent issuer-level compliance failures from trapping holders’ funds when the GENIUS Act rules take effect, expected on January 18, 2027.
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