XRP erases 1.16% value on Friday, slips to $0.5800.
Ripple Chief Legal Officer Stuart Alderoty acknowledges SEC loss in lawsuit, points out regulatory gaps in crypto.
Alderoty has slammed SEC Chair Gary Gensler’s stance on crypto regulation on several occasions.
Ripple (XRP) trades at $0.5800 early on Friday. Ripple Chief Legal Officer (CLO) Stuart Alderoty traded barbs on the recent lawsuit and Securities & Exchange Commission (SEC) Chair Gary Gensler’s role in crypto regulation.
Daily digest market movers: Ripple CLO shares comments on SEC loss in lawsuit, crypto regulation
In a recent tweet on X, Ripple CLO Stuart Alderoty criticizes the pro-SEC stance of Professor Lee Reiners in his testimony before the Congress.
Alderoty appreciates that Reiners acknowledged SEC’s loss in the Ripple case and noted that there is a regulatory gap in the spot trading market for cryptocurrencies.
Ripple CLO says this gap can only be closed by…
