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Anjali Belgaumkar
Anjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- May 03, 2025 04:33 UTC
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Ripple Lawsuit News: CLO Reveals Why The SEC Agreed To Drop XRP Case After Four Years
Ripple's Stuart Alderoty criticizes SEC for unclear crypto rules after it withdraws appeal in case against Ripple.
Alderoty calls for smart, transparent U.S. crypto regulations that protect users and foster innovation.
Ripple’s Chief Legal Officer, stuart alderoty 
stuart alderoty stuart FinanceLegal 
recently spoke out about the U.S. Securities and Exchange Commission’s (SEC) handling of cryptocurrency cases. Commenting on the agency’s decision to drop its appeal against Ripple, Alderoty questioned why the SEC even pursued such cases in the first place.
He pointed out that the SEC hasn’t just withdrawn its case against Ripple, but has started backing down from actions against other crypto companies as well. According to Alderoty, this is because the SEC has been enforcing rules without clearly explaining what those rules are.
“We never had proper guidelines and regulations for crypto in this country,” Alderoty said. “Now, it’s time to clean up the mess, focus on running our businesses, and work alongside Congress to create smart, clear crypto regulations.”
He said that these new regulations should protect consumers, ensure market integrity, keep bad actors out, and most importantly, allow innovation in the crypto space to grow.
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