Top Ripple Lawyer Warns Crypto Regulatory Hostility Is Hurting the US Severely – Here’s Why

Top Ripple Lawyer Warns Crypto Regulatory Hostility Is Hurting the US Severely – Here’s Why


Ripple’s top lawyer thinks “regulatory hostility” is hurting crypto innovators and retail investors alike.

Ripple’s general counsel, Stuart Alderoty, says in a new discussion at a Politico event that the San Francisco-based payments firm has not signed a single US customer to its platform since December 2020, when the U.S. Securities and Exchange Commission (SEC) sued the company.

The SEC and Ripple are embroiled in a lawsuit that accuses Ripple of selling XRP as an unregistered security.

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Still, Alderoty says Ripple is thriving despite the domestic challenges, noting the company’s payment rails will facilitate more than $10 billion worth of transactions this year.

“In the past two years, we had the strongest years ever as a company. That $10 billion in volume mostly is driven

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