Ripple's CLO Calls on Kamala Harris to Address SEC's Enforcement on Crypto

Saturday, 10 August 2024, 07:57

Stuart Alderoty, Ripple's Chief Legal Officer, has made a public appeal to Vice President Kamala Harris, urging her to intervene in what he views as the SEC's harmful approach to cryptocurrency regulation. He argues that the SEC's continuous enforcement actions stifle innovation within the crypto industry. Alderoty emphasizes the need for a balanced regulatory framework that fosters growth while ensuring market integrity. Ultimately, this call to action seeks a more cooperative approach between regulators and the crypto sector for a thriving digital asset economy.
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Ripple's CLO Calls on Kamala Harris to Address SEC's Enforcement on Crypto

Ripple's CLO Advocates for Change

Ripple's Chief Legal Officer, Stuart Alderoty, has taken a stand against the SEC's actions in the cryptocurrency space, referring to it as a misguided war on the sector. During a recent public appeal, he called on Vice President Kamala Harris to take initiatives to change the current regulatory approach.

Key Points from Alderoty's Appeal

  • Alderoty argues that the SEC's enforcement actions are detrimental to the growth
  • He stresses the importance of a balanced regulatory framework
  • Ripple seeks collaboration between regulators and the crypto sector

Conclusion

The ongoing tensions between the cryptocurrency industry and regulatory bodies highlight the urgent need for dialogue. By advocating for a more supportive regulatory environment, Ripple's CLO aims to safeguard innovation and encourage a healthier ecosystem for digital assets.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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