Ripple’s Chief Legal Officer, Stuart Alderoty, has provided insights into what the cryptocurrency landscape might look like in 2024.
He discussed predictions regarding Ripple’s legal battle with the SEC, the impact of the judiciary on crypto regulations, and potential legislative challenges in the U.S. Congress.
Alderoty anticipates a potential resolution to Ripple’s lawsuit with the SEC in 2024. He expressed concerns about the SEC’s approach to enforcing regulations, emphasizing the potential negative effects on the entire crypto industry.
Alderoty also foresees a significant role for the judiciary in preventing excessive actions by the SEC, suggesting that ongoing legal conflicts could escalate to the U.S. Supreme Court.
Regarding regulations, Alderoty expects U.S. lawmakers to acknowledge the need for crypto regulations. However, he predicts a stalemate in the implementation process, leaving U.S. crypto firms at a disadvantage compared to countries with clearer regulatory frameworks.
Also Read: SEC Chair Gensler’s Speech Sparks Ripple Backlash
