In a candid 60-second video, Ripple’s Chief Legal Officer Stuart Alderoty explained that the U.S. Securities and Exchange Commission’s decision to drop Ripple’s case underscores a change in the regulator’s approach to cryptocurrency enforcement.

“The SEC has not only dropped its appeal against Ripple, they’ve now dropped every case against every crypto company in the United States,” Alderoty stated.

‘Explain what the law is’

Alderoty says the SEC has finally acknowledged what the crypto industry has long argued. Enforcement actions cannot be brought without first establishing clear regulatory guidelines.

“You can’t bring enforcement actions for violating the law without first…