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BitcoinSistemi 2025-05-03 20:28:06

Ripple’s Chief Legal Officer Explains Why the SEC Withdrew Its Appeal in the Case

Ripple’s Chief Legal Officer Explains Why the SEC Withdrew Its Appeal in the Case

In the latest episode of “Crypto In One Minute,” Ripple (XRP) Chief Legal Officer (CLO) Stuart Alderoty discussed why the U.S. Securities and Exchange Commission (SEC) withdrew its appeal of its case against Ripple in March 2025 and the new direction the U.S. is taking on crypto regulation. Alderoty summarized the process with a 60-second statement after a six-year legal battle. He noted that the SEC had withdrawn its lawsuits not only against Ripple, but against all cryptocurrency companies in the country, and stated that the main reason behind this decision was that criminal proceedings carried out without clear and explicit legal regulations have become unsustainable. Related News: Are the Expected FED Interest Rate Cuts Coming? BlackRock Investment Manager Comments “They finally accepted something we’ve been saying from the beginning: You can’t say you violated the law without explaining what the law says,” Alderoty said, adding that there has been no clear regulation of cryptocurrencies in the US for a long time. The Ripple executive also said that with litigation behind us, the focus should now be on business and innovation. Alderoty said that Congress should work with the government to implement “smart crypto regulations” that protect consumers, ensure the integrity of markets, exclude bad actors, and pave the way for innovation. *This is not investment advice. Continue Reading: Ripple’s Chief Legal Officer Explains Why the SEC Withdrew Its Appeal in the Case

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