Stuart Alderoty, chief legal officer of Ripple, has publicly called for the termination of the SEC lawsuit against Ripple, ongoing for four years. He urged the incoming Trump administration to address the impact of actions by former SEC official William Hinman, which negatively affected the crypto industry.
Four Years of Struggle
On the fourth anniversary of the Ripple vs. SEC lawsuit, Stuart Alderoty, on behalf of the company, CEO Brad Garlinghouse, and co-founder Chris Larsen, demanded the termination of the SEC’s 'lawless lawsuit'.
Issues Arising from Hinman
Alderoty urged the incoming Trump administration to 'cleanse the lingering stain of Hinman' from the agency. William Hinman's regulatory pronouncements have caused confusion and conflicts of interest, notably in the Ripple vs. SEC case.
New Hopes with Atkins
The new SEC chair, Paul Atkins, must focus on rebuilding trust. Industry participants felt the agency was overly aggressive in its regulatory enforcement.
The agency is expected to file its opening brief in the Ripple vs. SEC case by January 15, coinciding with Gary Gensler’s scheduled resignation as SEC chair.
