Ripple’s Chief Legal Officer, Stuart Alderoty, recently highlighted significant regulatory changes in the U.S. that are reshaping the cryptocurrency landscape. During an interview with CNBC, Alderoty discussed how the new administration’s crypto-friendly approach has positively impacted Ripple’s domestic growth.
He pointed out that 75% of the company’s recent hires have been based in the U.S., reversing a previous trend of offshore expansion caused by regulatory uncertainty.
Alderoty outlined three key areas where regulatory reform is progressing: executive orders, federal regulatory adjustments, and legislative efforts in Congress. The administration’s executive order has reinforced its commitment to positioning the U.S. as a leader in the global crypto market.
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David Sacks has been appointed as the administration’s lead on crypto policy, forming a working group focused on streamlining regulations to provide clarity for blockchain firms
Regulatory Reforms and Ripple’s Legal Battle
The Securities and Exchange Commission (SEC) has also undergone significant changes under new leadership. Acting SEC Chair Mark Ueda has rescinded previous guidance restricting banks from engaging in crypto custody services.
This move has been seen as a major step toward fostering institutional adoption of cryptocurrency within the U.S. financial system. Ripple has been actively engaging with regulators and policymakers to shape a balanced regulatory framework that promotes innovation while ensuring compliance.
Despite progress in regulatory clarity, Ripple remains entangled in its long-standing lawsuit with the SEC. The case, initiated in 2020, alleges that Ripple Labs failed to register XRP as a security.
However, Alderoty reiterated that the SEC has not accused Ripple of fraud, market manipulation, or any wrongdoing that resulted in financial loss. He criticized the lawsuit as part of an outdated regulatory stance that hindered crypto’s growth in the U.S.
With the anticipated confirmation of Paul Atkins as the new SEC Chair, Alderoty hopes the agency will reconsider its litigation strategy and that the lawsuit will be dismissed once Atkins takes office.
He emphasized that the case is an unnecessary drain on regulatory resources, particularly given the absence of fraud or consumer harm allegations.
Ripple’s legal team continues to prepare for an appeal in the Second Circuit Court, but the company’s broader focus remains on expanding blockchain-based enterprise solutions.
Legislative Support for Crypto Regulation
Ripple’s outlook remains optimistic as legislative discussions on crypto regulation gain traction in Congress. According to Alderoty, Congress is currently the most supportive of cryptocurrency, increasing the likelihood of passing a comprehensive market structure bill.
The proposed legislation could provide long-awaited regulatory clarity for digital assets, enabling further innovation and investment in the U.S. crypto sector.
Conclusion
Ripple’s position in the U.S. has strengthened due to the administration’s commitment to fostering a pro-crypto environment. With regulatory barriers being addressed, the company has shifted its hiring strategy back to the domestic market.
While its legal dispute with the SEC continues, the possibility of a more pragmatic regulatory approach under new leadership could bring a resolution. As Congress advances crypto legislation, Ripple remains focused on developing real-world blockchain applications, reinforcing its role in the evolving financial landscape.
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