Ripple CLO Stuart Alderoty has formally requested the U.S. Securities and Exchange Commission (SEC) to clarify how it classifies crypto assets. His letter emphasized that not all digital tokens should fall under securities regulations, especially in secondary market transactions. This move comes as part of Ripple’s broader push for regulatory clarity amid its ongoing legal […]
Stuart Alderoty
Ripple Executive Slams SEC’s ‘Wasteful’ Enforcement Actions
Stuart Alderoty, chief legal officer at Ripple, has criticized the U.S. Securities and Exchange Commission (SEC) for duplicating enforcement efforts. He pointed out that the SEC frequently files civil cases after the Department of Justice (DOJ) has already taken action. He argued that these follow-on cases add little value, waste resources, and fail to protect […]
Ripple’s Legal Battle: Is the SEC Out of Line?
Stuart Alderoty, the general counsel of Ripple Labs, came down hard on the U.S. Securities and Exchange Commission [SEC] for its use of the term “crypto asset security.” In a recent X post, Alderoty argued that the term is “fabricated” and has no legal basis. The regulator has been using the term “crypto asset security” […]
Ripple CLO Exposes SEC’s Failed Bullying Tactics In XRP Lawsuit
Stuart Alderoty, the Chief Legal Officer at Ripple, took to the X platform (Twitter) to drop a revelation regarding the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). In a recent X post that has since garnered significant attention from the crypto community, Alderoty disclosed a settlement offer made by the […]
Ripple’s 31M XRP Transfer Sparks Speculation Amid Market Challenges
In a surprising turn of events, Ripple, a prominent player in the world of cryptocurrency, executed a substantial transfer of XRP in the past 24 hours. The crypto community was abuzz with speculation as Whale Alert, a renowned tracker of major crypto movements, brought this intriguing transaction to light. This massive transaction involved the transfer […]
Lawyer Explains Why Ripple Isn’t Scared Of SEC’s Appeal
Ripple scripted history when it concluded its longstanding legal dispute with the SEC regarding the XRP token. Although the crypto community celebrated the decision, the verdict was a partial win for the blockchain firm, as Judge Analisa Torres ruled that the XRP token is not a security when sold to the general public but left […]
Here’s What Ripple Chief Legal Officer Has To Say About Victory
Stuart Alderoty, the chief legal officer of Ripple, tweeted Wednesday that the business will prevail in its continuing legal battle with the U.S. Securities and Exchange Commission (SEC). Alderoty posted a summary of the court’s most recent opinion, which also includes decisions on the planned expert reports from each party. According to Alderoty, the SEC’s […]
Ripple Refutes Charges Of Flouting Rules & Undermining SEC’s Authority
Ripple General Counsel Stuart Alderoty responded to claims by FOX business journalist Charles Gasparino who said the blockchain firm was deliberately targeted due to flouting the rules and undermining the SEC’s authority. First, Gasparino questioned why the SEC concentrated on Ripple while giving Sam Bankman-Fried and FTX free reign. The journalist claimed that Ripple has […]
Ripple’s General Counsel Tears Into SEC Chair’s Testimony
Ripple’s general counsel Stuart Alderoty slammed U.S. Securities and Exchange Commission Chair Gary Gensler for his remark that the Supreme Court has already determined what is and isn’t considered a security. “Was it intentional or does he really not know the law? Which is worse?” Alderoty tweeted. “Gensler said it’s security if the investing public is […]