Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple, recently voiced his concerns over the regulatory landscape in the United States, criticizing its lack of clarity and consistency. Speaking at the Point Zero Forum in Zurich, Switzerland, Alderoty highlighted what he perceives as a significant flaw in the U.S. approach to regulating digital assets.
Alderoty emphasized that effective regulation, when consistently applied, fosters predictable outcomes—an area where he believes the U.S. falls short compared to its international counterparts. He particularly targeted the U.S. Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, accusing them of overreach and exacerbating frustrations within the cryptocurrency sector.
“The U.S. regulatory framework for digital assets lacks uniformity and transparency, impeding the growth and acceptance of these technologies,” Alderoty remarked during the panel discussion. His critique underscores broader industry concerns that current U.S. policies not only hinder innovation but also create uncertainty.
Meanwhile, market data from CoinMarketCap indicates that XRP is currently priced at approximately $0.4359, marking a 3.76% increase over the past 24 hours. However, over the last seven days, it has experienced an 8.27% decline, reflecting the volatility exacerbated by regulatory ambiguities.
Earlier this month, Ripple released 1 billion XRP from escrow, a strategic move aimed at managing the supply and influencing market dynamics. This decision underscores Ripple’s ongoing efforts to balance production and distribution, crucial factors influencing investor sentiment.
Alderoty’s statements at the Point Zero Forum echo sentiments shared across the crypto community—a call for clearer, more consistent regulatory frameworks that support innovation while safeguarding investor interests. As the sector continues to evolve, the demand for robust legislation becomes increasingly urgent to ensure sustainable growth and stability.
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