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Ripple’s Chief Legal Office (CLO) Stuart Alderoty, recently shared his vision for the future of crypto regulation in a post on X (formerly known as Twitter), offering insights into what qualities and actions the next U.S. Securities and Exchange Commission (SEC) Chair should prioritize.
The recommendations reflect Ripple’s ongoing push for clarity in the regulatory framework governing cryptocurrencies and emphasize the broader need for fair oversight in the industry.
Key Priorities for the Next SEC Chair
The Ripple CLO outlines six key priorities for the transition team to consider when selecting the next SEC Chair, each aimed at developing transparency, accountability and collaboration.
End Non-Fraud Crypto Litigation: Resolve all cases involving legitimate crypto projects on Day 1, moving the focus to fraud and investor protection.
Retain Collaborative Commissioners: Encourage Commissioners Hester Pierce and Mark Uyeda to stay on and work closely with the new Chair for a unified approach.
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Clarify Jurisdiction: Work with financial regulators and Congress to create clear rules for crypto without assuming the SEC’s overarching authority.
Renounce Misguided Frameworks: Deny the 2018 Hinman speech and the 2019 framework, which have been criticized for their lack of clarity.
Increase Transparency: Revamp the Freedom of Information Act (FOIA) process to ensure it serves as a credible tool for public access to information.
Restore Public Trust: Address internal issues within the SEC by empowering the Office of Inspector General to ensure accountability.
Implication for Ripple and the Crypto Industry
The CLO believes that appointing an SEC Chair who prioritizes collaboration and reform could unlock significant growth for Ripple and the broader crypto ecosystem. Clearer guidelines would encourage innovation while protecting investors and enable U.S. firms to compete globally.
Ripple’s vision aligns with a regulatory environment that embraces digital assets responsible, potentially positioning the U.S. as a global leader in blockchain technology under new leadership.