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.”
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.
