Ripple CLO Applauds Senate Decision to Overturn SEC’s Anti-Crypto Regulation
The US Senate recently made a significant decision to reject a contentious rule put forth by the Securities and Exchange Commission (SEC) that would have potentially jeopardized the provision of custodial services for cryptocurrencies in regulated banks. Stuart Alderoty, the Chief Legal Officer (CLO) at Ripple, expressed his support for this outcome, emphasizing it as a significant triumph against what he perceives as the SEC Chair Gary Gensler’s “excessive and unauthorized interference.”