Ripple's Chief Legal Officer Provides Recommendations for New SEC Leadership to Reform Cryptocurrency Rules

【Ripple's Chief Legal Officer Provides Recommendations for New SEC Leadership to Reform Cryptocurrency Rules】Golden Finance reports that Ripple's Chief Legal Officer Stuart Alderoty posted on X this week to share his recommendations with the incoming leadership of the U.S. SEC. Alderoty expressed confidence in the transition team's ability to effectively address cryptocurrency regulatory issues and urged several actions. He wrote, "I believe the transition team will take these fundamental conditions of cryptocurrency into account and make the right decisions." Alderoty suggested an immediate end to cryptocurrency lawsuits unrelated to fraud and to facilitate cooperation by ensuring SEC Commissioners Mark Uyeda and Hester Peirce continue in their roles. He emphasized the need to collaborate with Congress and financial regulatory agencies to establish clear and direct cryptocurrency rules, rather than defaulting to SEC jurisdiction. Additionally, he called for the abandonment of the 2018 Hinman speech and the 2019 digital asset analysis framework, increasing transparency in the Freedom of Information Act (FOIA) process, and addressing past SEC issues through the Office of Inspector General to take measures to restore public trust and accountability.