Ripple’s Chief Legal Officer Explains Why the SEC Withdrew Its Appeal in the Case
By: cryptosheadlines|2025/05/03 21:00:04
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com In the latest episode of “Crypto In One Minute,” Ripple (XRP) Chief Legal Officer (CLO) Stuart Alderoty discussed why the U.S. Securities and Exchange Commission (SEC) withdrew its appeal of its case against Ripple in March 2025 and the new direction the U.S. is taking on crypto regulation.Alderoty summarized the process with a 60-second statement after a six-year legal battle. He noted that the SEC had withdrawn its lawsuits not only against Ripple, but against all cryptocurrency companies in the country, and stated that the main reason behind this decision was that criminal proceedings carried out without clear and explicit legal regulations have become unsustainable.“They finally accepted something we’ve been saying from the beginning: You can’t say you violated the law without explaining what the law says,” Alderoty said, adding that there has been no clear regulation of cryptocurrencies in the US for a long time.The Ripple executive also said that with litigation behind us, the focus should now be on business and innovation. Alderoty said that Congress should work with the government to implement “smart crypto regulations” that protect consumers, ensure the integrity of markets, exclude bad actors, and pave the way for innovation.*This is not investment advice.Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!Source link
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