Stuart Alderoty, Ripple's Chief Legal Officer, calls on the SEC for clearer cryptocurrency regulation, outlining six guiding principles.
Alderoty's Stance on SEC Jurisdiction
Alderoty asserts that the SEC should only regulate securities transactions and not all asset or digital token transactions. This limitation is vital to define SEC's regulatory boundaries.
Call for Clarity and Collaboration
Alderoty rejects the idea that a cryptocurrency can change its status from a security to something else over time. He argues for collaboration between the SEC and Congress to establish clear, transparent industry regulations.
Hope for Clarity in 2025
Alderoty believes the SEC should focus on its core mission of addressing fraud. He hopes these principles will help create a fairer, more transparent regulatory environment in 2025.
Alderoty's message gains significance amid the ongoing Ripple and SEC lawsuit. He hopes the proposed principles will foster a fair and transparent regulatory framework.
