In the ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission, Ripple’s Chief Legal Officer Stuart Alderotti expressed dissatisfaction with the U.S. digital asset regulatory framework during a panel discussion at the Zurich Zero Summit.
Alderotti criticized the inconsistent application of the provisions, which he believes contrasts unfavorably with global standards. He emphasized the importance of predictable outcomes for effective crypto regulation, a sentiment supported by other industry representatives such as XRP advocate Bill Morgan.
The criticism reflects broader concerns in the crypto industry regarding regulatory clarity and consistency, especially under SEC Chairman Gary Gensler.
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Ripple Executives Criticize SEC’s Cryptocurrency Regulatory Approach
Ripple continues to challenge the SEC’s allegations of selling unregistered securities in the form of XRP tokens, deepening its legal battle.
Alderotti’s comments underscore the need for a more consistent global approach to crypto regulation in order to ease market uncertainty and encourage innovation.
