Ripple CLO Slams SEC’s Retreat, Urges Clear Crypto Rules After XRP Lawsuit Ends
The post Ripple CLO Slams SEC’s Retreat, Urges Clear Crypto Rules After XRP Lawsuit Ends appeared on BitcoinEthereumNews.com.
Key Takeaways: The SEC has officially dropped its case against Ripple Labs after four years, signaling a major shift. Ripple CLO Stuart Alderoty accuses the SEC of inconsistent enforcement and lacking clear crypto regulation. Alderoty calls on the United States to adopt clear, intelligent rules to safeguard consumers and foster creativity. The long-running SEC-Ripple Labs lawsuit has taken a major turn. Nearly four years after the SEC dropped its last claims against Ripple and its management, one of the most high-profile crypto conflicts in U.S. history might come to an end. Stuart Alderoty, Ripple’s chief legal officer, has commented on the subject. His critique of the SEC highlights crypto industry concern about imprecise and harsh regulatory practices. Read More: Ripple Buys Hidden Road for $1.25B to Connect Conventional Finance with Crypto SEC Retreat Marks Pivotal Moment in Crypto Enforcement SEC sued Ripple in December 2020 for marketing unregistered XRP securities. Ripple’s lawyers and the regulator had verdicts, partial victories, and a tense deadlock. The SEC lost in 2023 when the court found that secondary market XRP sales were not securities transactions. The commission also dropped allegations against Ripple executives Brad Garlinghouse and Chris Larsen. SEC’s Backpedaling Raises Questions Speaking after the SEC’s withdrawal, Alderoty asked why the case was pursued in the first place. “Why did the SEC bring this case if they were going to walk away years later?” he said. His comments echo crypto sector concerns that enforcement operations are replacing regulatory frameworks. Alderoty remarked that the SEC is not only leaving Ripple but also reducing pressure on other crypto firms, suggesting an internal rethinking. Lack of Clear Rules Continues to Undermine Crypto in the U.S. Alderoty stressed that regulatory clarity, not enforcement, is the issue. “We never had proper crypto guidelines and regulations in this country,” he…
Filed under: News - @ May 7, 2025 7:27 am