According to Odaily, Ripple’s Chief Legal Officer, Stuart Alderoty, recently shared his insights on X, addressing the incoming leadership of the U.S. Securities and Exchange Commission (SEC). Alderoty expressed confidence in the transition team’s ability to effectively tackle cryptocurrency regulation issues and urged several actions to be taken.
Alderoty emphasized the importance of ending cryptocurrency lawsuits that are not related to fraud. He also advocated for the continuation of SEC Commissioners Mark Uyeda and Hester Peirce in their roles to foster collaboration. Highlighting the need for clear and straightforward cryptocurrency regulations, Alderoty suggested working closely with Congress and financial regulators rather than defaulting to the SEC’s jurisdiction.
Furthermore, Alderoty called for the abandonment of the 2018 Hinman speech and the 2019 digital asset analysis framework. He stressed the need for increased transparency in the Freedom of Information Act (FOIA) processes and recommended addressing past SEC issues through the Office of the Inspector General. These measures, he believes, are crucial for restoring public trust and accountability.