Ripple CLO cites 67 million crypto holders to challenge industry image

Alderoty’s pushback followed a Wall Street Journal editorial that labeled crypto regulation supporters as “the crypto boys.” Relying on a report from the National Cryptocurrency Association—an organization he leads and which Ripple funded with $50 million—Alderoty pointed to a broader demographic reality. Data collected by The Harris Poll indicates that 42% of recent crypto purchasers identify as women, while 28% of new holders are aged 55 or older, significantly outpacing the 18% share of investors between 18 and 24.

These figures serve as ammunition in the ongoing struggle to pass the CLARITY Act. Senate Majority Leader John Thune recently confirmed that a floor vote on the legislation, which aims to divide oversight between the SEC and the CFTC, will be delayed until September due to persistent bipartisan friction. While industry advocates argue these numbers prove crypto is a mainstream constituency, Democratic lawmakers continue to demand stricter provisions regarding consumer protection and national security. The debate underscores a persistent gap: while the user base is diversifying, consensus on how to regulate these 67 million Americans remains elusive.