Law360 (July 14, 2021, 7:54 PM EDT) — Stu Alderoty doesn’t mince words when he describes the “tremendous disservice” he says the U.S. Securities and Exchange Commission has done to the cryptocurrency and digital asset industry in the United States.
That’s a fitting perspective from the general counsel for Ripple Labs Inc., the San Francisco-based blockchain firm that was hit with a head-turning enforcement action from the top U.S. securities regulator just a day before the agency’s then-chairman, Jay Clayton, resigned at the end of 2020.
Ripple operates a global network for payments that runs on blockchain technology, and offers financial institutions the ability to instantly settle…
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