Ripple's CLO, Stuart Alderoty, has publicly criticized the U.S. Securities and Exchange Commission (SEC) for its recent conduct. Alderoty focused on the SEC's tendency to boast about increased enforcement actions and the collection of record fines. He argues that these actions reflect a flawed approach in their legal processes.
Alderoty's comments come amidst ongoing legal disputes between Ripple and the SEC. He highlighted the agency's emphasis on fines collection as misguided, arguing it does not necessarily represent effective or just regulation.
This criticism aligns with Ripple's broader stance that the SEC's approach to cryptocurrency regulation is overly aggressive and lacks clarity, creating an unfriendly environment for innovation in the crypto industry.
