Ripple's Chief Legal Officer: Only changes in leadership will lead to a shift in the SEC's stance

Ripple's Chief Legal Officer, Stuart Alderoty, believes that the U.S. Supreme Court's overturning of the case between Chevron USA Inc. and the Natural Resources Defense Council in June 2024 has little impact on SEC's strategy to pursue crypto compliance through law enforcement.

In an interview, Alderoty emphasized that only changes at the leadership level would lead to a shift in SEC's stance. "I believe under this kind of leadership, SEC has caused significant institutional damage to this once highly respected institution," he said. Alderoty also claimed that SEC’s ongoing lawsuits against the crypto industry - including its recent appeal against Ripple - are deliberate attempts to create confusion among industry participants. "The current SEC, under its present leadership, I don't think they care much about whether they're right or wrong legally. I believe their goal is to cast a layer of legal uncertainty over this industry through large-scale law enforcement actions – which are now being appealed." (Cointelegraph)