2024

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With all the chatter about a potential change in leadership at the U.S. Securities and Exchange Commission (SEC),<a href="https://x.com/s_alderoty/status/1859595598007017524" rel="noopener noreferrer nofollow">Stuart Alderoty</a>, Ripple's Chief Legal Officer, has shared his thoughts on what the agency could look like in the future. As people discuss who might take on the role, Alderoty's comments provide more of a structured view of what the next chairman should focus on to finally allow peace between crypto and regulation.
At the heart of his recommendations is a call for some quick action to resolve the ongoing issues. Alderoty also says that non-fraud-related<a href="https://u.today/satoshi-nakamoto-nears-rich-elite-as-bitcoin-skyrockets-past-98000" rel="noopener noreferrer nofollow">cryptocurrency</a> litigation should stop on day one of the new chair's tenure. This would be a big change from the current enforcement-first approach to a strategy that helps the industry grow within a clearer regulatory framework, believes the lawyer.
Alderoty also makes a good point about keeping Commissioners Hester Peirce and Mark Uyeda on the team. If the next SEC head works with them, they can make sure that discussions on crypto-related policies are more balanced and that the sector is guided by consistency and expertise, says the<a href="https://u.today/ripple-cto-and-cardano-creator-find-common-ground-amid-xrp-and-ada-rally" rel="noopener noreferrer nofollow">Ripple</a> CLO.
<blockquote class="twitter-tweet">
 A lot of unsolicited advice on here about who should (or shouldn’t) be the next SEC Chair. I trust the transition team to make the right call with these table stakes for crypto in mind:1.End all non-fraud crypto litigation on Day 1.2.Get commitments from Commissioners Uyeda and…— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1859595598007017524?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2024</a>
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Alderoty's approach is all about making the rules clearer and avoiding giving too much power to the SEC. He believes the regulator should work with other financial watchdogs and Congress to create straightforward, transparent rules for the crypto industry, without relying too heavily on<a href="https://u.today/pro-xrp-lawyer-john-deaton-issues-major-call-on-next-sec-chair" rel="noopener noreferrer nofollow">the SEC</a> as the main authority.
These recommendations bring up an angle that the industry is still concerned about — that the SEC might have too much power.
As the debate over the SEC's direction gets more intense, Alderoty's remarks are shifting the focus from individual names to systemic reforms that could define the agency's future under new leadership. <a href="https://u.today/ripple-clo-breaks-silence-on-who-should-be-next-sec-boss" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Ripple CLO Breaks Silence on Who Should Be Next SEC Boss

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