Key Points:Ripple CLO criticizes crypto bill, warning it adds regulatory confusion and gives SEC excessive control.Broader crypto market hit by ETF outflows and soft PMI data, raising fears of a US recession-driven selloff.Bitcoin under pressure as BlackRock’s IBIT records $292.2M outflow, its largest since May amid weak US economic data.Ripple Targets SEC Over Digital Asset LegislationRipple Chief Legal Officer Stuart Alderoty put the spotlight on the SEC and the Senate Committee on Banking, Ho