Ripple's Chief Legal Officer Comments on SEC's Enforcement Strategy

According to Odaily, Ripple's Chief Legal Officer Stuart Alderoty believes that the U.S. Supreme Court's decision in June 2024 to overturn the Chevron USA Inc. vs. Natural Resources Defense Council case will have minimal impact on the SEC's strategy of pursuing crypto compliance through enforcement. In an interview, Alderoty emphasized that only a change in leadership would lead to a shift in the SEC's stance. He stated, 'Under the current leadership, the SEC has caused significant institutional damage to what was once a highly respected agency.' Alderoty also mentioned that the SEC's ongoing litigation against the crypto industry, including the recent appeal in the Ripple lawsuit, is intentional and aims to create confusion among industry participants. He remarked, 'The current SEC, under its present leadership, seems less concerned with whether they are legally right or wrong. Their goal appears to be to cast a cloud of legal uncertainty over the industry through extensive enforcement actions, which are now under appeal.'