Ripple CLO Accuses SEC of Artificially Suppressing Crypto Market
Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has blamed the US Securities and Exchange Commission (SEC) for creating prolonged suppression of the crypto market. First, Alderoty’s remarks come after the SEC’s actions caused a big fall in cryptocurrencies’ value, especially XRP. He noted that the SEC locks the market and institutes artificial market stagnation and uncertainty.
Alderoty pointed out that the SEC’s hardline stance against crypto regulation had suppressed the market for years. However, he added, the markets did not face problems due to natural forces but regulatory ones.
Ripple’s ongoing legal battle with the SEC over XRP has long been a major flashpoint in the broader fight over crypto regulation…
