Ripple CLO Corrects The New York Times Over ‘Crypto Is Useless’ Narrative
The post Ripple CLO Corrects The New York Times Over ‘Crypto Is Useless’ Narrative appeared on BitcoinEthereumNews.com.
Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has taken a swipe at The New York Times’ bias against cryptocurrency. Speaking in his capacity as the president of the National Cryptocurrency Association (NCA), Alderoty claims he has written to the news outlet over a report that referred to crypto as “pointless and full of scammers.” Stuart Alderoty frames crypto as everyday economic infrastructure Alderoty described The New York Times article as a “lazy and outdated” view about cryptocurrency. In defense of the sector, he argued that crypto has been supporting millions of Americans to improve their financial situation. He also stated that millions rely on crypto to run their businesses and pay for goods and services conveniently. He emphasized his point by sharing a video of everyday users sharing their experiences with crypto and how they use the technology for positive impacts. Alderoty challenged The New York Times to get the facts right by accessing needed information from the NCA. He expressed willingness to furnish the media outlet with whatever information about crypto that is unclear to it. The NCA president is effectively positioning crypto as economically useful and not just for speculative trading. Alderoty has always been a strong advocate for the crypto community, particularly in his role as Ripple CLO. As President of @NatCryptoAssoc I have submitted numerous letters and opinion pieces to the NYT to counter their lazy and outdated narrative that crypto is useless. All have been ignored.It’s dangerously irresponsible to dismiss the millions of real Americans relying on crypto… https://t.co/rsJGHbrmz3?from=article-links — Stuart Alderoty (@s_alderoty) February 27, 2026 He was particularly vocal during the five-year legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. Alderoty consistently challenged the categorization of XRP as a security until it resulted in a legal win for Ripple. Hence, it is not…
Filed under: News - @ February 28, 2026 3:26 pm