Ripple's top lawyer urges Treasury to protect stablecoin holders under GENIUS Act
- —Alderoty filed on October 19, 2026, the final day of the public comment period
- —He proposed safe-harbor redemption if an issuer loses authorization or hits compliance trouble
- —The filing also seeks recovery routes for stolen assets and protection for self-custody
- —The law mandates 100% reserves for payment stablecoins
Why it matters: The final rules will determine whether stablecoin holders can recover funds if their issuer fails after January 18, 2027.
Source: Crypto Briefing