Ripple CLO urges U.S. stablecoin rules to protect self-custody

Ripple Chief Legal Officer Stuart Alderoty said the U.S. Treasury’s stablecoin rulemaking process should safeguard user protections and control over assets. In a post on X, Alderoty said the GENIUS Act established a basic framework for stablecoin regulation and that the Treasury should ensure Americans are not put in a position where they cannot dispose of or redeem the stablecoins they hold even if the rules change. Alderoty added the rules should also provide a path to recover stolen assets and allow users to self-custody assets if they choose.

Source: Coinness