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Ripple CLO: SEC Retreat Signals Positive Shift in US Crypto Regulation
In a major breakthrough for the cryptocurrency industry, Stuart Alderoty, Chief Legal Officer at Ripple, has stated that the recent decision by the Securities and Exchange Commission (SEC) not to pursue further legal action against Ripple is a significant step forward in the development of regulations for cryptocurrencies.
The SEC’s decision marks a shift towards more supportive and thoughtful policies towards cryptocurrencies and blockchain technology. This move demonstrates a willingness to collaborate with industry players, rather than simply imposing outdated financial models on new technologies.
Alderoty emphasized that these principles are crucial for guiding future policies regarding crypto regulation. He believes that they could potentially enable U.S. policymakers to support cryptocurrencies and blockchain technology with clear and thoughtful rules.
These principles include providing support for innovation, safeguarding markets, stopping bad actors, and protecting consumers.
Source: https://u.today/ripple-clo-sec-retreat-signals-positive-shift-in-us-crypto-regulation
