Ripple CLO Criticizes US Crypto Regulation Amid SEC Battle
06.07.2024 12:00 1 min. read Alexander Stefanov
Amid the ongoing legal dispute between Ripple and the U.S. SEC, Stuart Alderoty, Ripple's Chief Legal Officer, expressed dissatisfaction with the U.S. regulatory framework for digital assets during a panel discussion at the Point Zero Forum in Zurich, Switzerland.
Alderoty criticized what he perceives as inconsistent application of regulations, contrasting unfavorably with global standards.
He emphasized the importance of predictable outcomes in effective crypto regulation, a sentiment echoed by other industry figures like pro-XRP lawyer Bill Morgan.
The critique reflects broader concerns within the cryptocurrency industry regarding regulatory clarity and consistency, particularly under SEC Chair Gary Gensler.
Ripple continues to contest SEC allegations of selling unregistered securities in the form of XRP tokens, intensifying their legal battle.
Alderoty’s remarks underscore the need for a more coherent global approach to crypto regulation to alleviate market uncertainty and foster innovation.
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