So, Stuart Alderoty—the head legal eagle over at Ripple—finally opened up about the SEC and their long, dramatic romance with crypto lawsuits. Because apparently, this government agency had some kind of box set binge going on, filing cases without bothering to tell anyone the rules. It’s like being punished at summer camp for breaking “the pineapple code”—which, spoiler alert, nobody ever told you about.
In the latest episode of “Wait, Did They Just Drop That Case?!”, Alderoty all but rolled his eyes at the SEC dropping their appeal against Ripple. Not just that—he says the SEC’s now retreating from other crypto fights too. Picture it: the SEC moonwalking out of the courtroom, trying to look cool while nobody’s buying it. 🕺
“Honestly, we’ve never had any grown-up crypto rules in the U.S.,” Alderoty sighed (possibly with jazz hands). “Maybe we could clean up the mess, run our businesses, and—wild idea—work with Congress to actually make smart, clear crypto laws.” (Seriously, what a concept. Next, he’ll advocate for reading the manual before assembling Ikea furniture.)
In the newest Crypto In One Minute, Ripple’s Chief Legal Officer @s_alderoty explains why the SEC dropped its appeal against Ripple in March 2025, and where the US is going with smart crypto regulation on the horizon:
Protecting consumers
…— Ripple (@Ripple) May 2, 2025
According to Alderoty, these can’t-come-soon-enough rules should protect consumers (even the ones who keep their passwords on a sticky note), keep the market honest, kick out the villainous mustache-twirlers, and—wait for it—let crypto innovation happen. Because obviously, stifling progress is so 2019. 🚀
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2025-05-03 07:41