Ripple's chief lawyer fires back at US regulators with demand for game-changing reforms
, the chief legal officer at Ripple, has called for radical reforms in the country's approach to cryptocurrencies and other digital assets. Speaking on CNBC's Street Signs program, Alderoty expressed his frustration over the lack of a rational regulatory framework for the burgeoning crypto industry in the U.S.and others, where regulatory policies have embraced innovation rather than stifling it.
He criticized the ongoing disputes among regulatory agencies, resulting in a lack of clarity on how to categorize digital assets like Despite this victory, Alderoty expressed concerns about the fragmented approach to regulation, emphasizing the need for a comprehensive and rational regulatory framework. He lamented the slow progress in the U.S. Congress, indicating a lack of optimism regarding meaningful policy changes in the near future.
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