Ripple’s legal chief, Stuart Alderoty, recently reaffirmed the company’s commitment to fighting for fair crypto regulations. In an interview with CNBC, he emphasized that Ripple would continue to lead efforts for regulatory clarity, following its major victory against the SEC.
SEC Drops Appeal Against Ripple
This week, Ripple announced that the SEC had abandoned its appeal against the company. This decision followed the agency’s withdrawal of several high-profile lawsuits against major crypto firms, including Coinbase and Kraken.
Despite this victory, Ripple has not yet withdrawn its cross-appeal. CEO Brad Garlinghouse recently told Bloomberg that the company is still considering its next legal steps.
Ripple Challenges SEC’s Interpretation of the Howey Test
Ripple has pushed back against the SEC’s interpretation of the Howey Test, calling it distorted by the previous administration. The company urges the new SEC leadership to reject such distortions and avoid overly complex regulations.
Ripple argues that the SEC must stay within its statutory limits and provide clear guidelines rather than enforcing ambiguous policies.
SEC’s Crypto Task Force Takes Action
The SEC’s new crypto task force recently held its first roundtable discussion. Former SEC official John Reed Stark praised Commissioner Caroline Crenshaw, who remains a strong advocate for investor protection.
Crenshaw, the lone dissenting voice at the SEC, stressed that holistic market protection should remain the agency’s top priority.
What’s Next for Ripple?
As Ripple continues its fight for regulatory clarity, the company remains at the forefront of the crypto industry’s battle with the SEC. With ongoing legal developments, investors and industry leaders are closely watching Ripple’s next moves.
