Stuart Alderoty thinks restoring trust would help fix the damage in the SEC.
Alderoty thinks the SEC needs to discard Hinman’s legacy.
A new crypto-friendly SEC chair could be positive for XRP.
Ripple’s Chief Legal Officer (CLO) Stuart Alderoty thinks restoring trust in the SEC would be the first step toward repairing the damage caused by the commission’s current leaders. Alderoty made the statement in an X post a few days ago to mark the fourth anniversary of the SEC Vs Ripple case.
On this 4th anniversary of the SEC’s lawless lawsuit against Ripple, Brad, & Chris, we urge the incoming administration to cleanse the lingering stain of Hinman from the agency. There’s much more to do to repair the damage, but let’s start by restoring trust.
— Stuart Alderoty (@s_alderoty) December 22, 2024
Bipartisan Efforts for Crypto Regulation
In December 2020, the SEC initiated a “lawless lawsuit” against Ripple and its executives, citing regulatory breaches and discrepancies in the company’s sale of XRP tokens. The case has lingered and taken several dimensions, leading to a significant loss of trust in the SEC’s operations by a notable sector of t…
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