Ripple (XRP) Legal Director Warns of US Covert War with Crypto

Stuart Alderoty, Legal Director of Ripple, has expressed concern about the "covert war" he sees as the imposition of legal pressure from the US on the cryptocurrency industry. Alderoty emphasized the need for clear regulatory policies and specific guidelines for cryptocurrencies to develop in the current legal environment. He recommended that the SEC should halt all cryptocurrency-related lawsuits that show no signs of fraud when there is a change in leadership at the agency.

Additionally, the resignation of SEC Chairman Gary Gensler is seen as a signal for a shift in the US government's approach to cryptocurrency. Ripple's CEO, Brad Garlinghouse, has called on President-elect Donald Trump to reform the SEC to create a more transparent legal environment for the industry. These notable changes could help ease tensions between regulators and cryptocurrency businesses while promoting the development of this market in the future.