According to Cointelegraph, Ripple Chief Legal Officer Stuart Alderoty believes that the U.S. Supreme Court’s ruling in June 2024 to overturn the Chevron USA Inc. vs. Natural Resources Defense Council case will have little impact on the SEC’s strategy of achieving crypto compliance through law enforcement.

Speaking to Cointelegraph, Alderoty stressed that only a change in leadership would lead to a change in the SEC’s stance. He said that the SEC under its current leadership has done great damage to the once-respected institution.

Alderoty also pointed out that the SEC's ongoing litigation against the crypto industry, including the recent appeal in the Ripple case, is a deliberate attempt to create maximum confusion. He believes that the SEC maintains legal uncertainty in the industry through a large number of enforcement actions and appeals.

Alderoty believes that the SEC will eventually be proven wrong again, but they don’t care, and described the SEC’s tough stance on the crypto industry as “very disturbing.”

The 1984 Chevron case established the courts’ deference to a regulator’s approach to policy enforcement, but was overturned by the U.S. Supreme Court on June 28, 2024, in Loper Bright Enterprises v. Raimondo .

For the nascent crypto industry, that means startups face strict requirements from multiple government regulators, hindering innovation and discouraging investment, especially from institutions.

In July 2024, Uniswap Labs cited the overturning of the Chevron case as a basis for opposing the SEC's expansion of the definition of "exchange" under the Exchange Act of 1934, a regulatory change that would have brought decentralized finance projects under SEC regulation.