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Ripple CLO Criticizes US Crypto Regulation Amid SEC Battle

06.07.2024 12:00 1 min. read Alexander Stefanov
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Ripple CLO Criticizes US Crypto Regulation Amid SEC Battle

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.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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