In a recent CNBC interview, Stuart Alderoty, Ripple's top lawyer, stressed the cryptocurrency's distinct status in the U.S., emphasizing its unique classification as a non-security following a court ruling
Notably, Ripple scored a partial victory against the Securities and Exchange Commission when the court ruled that secondary XRP sales were non-securities, setting it apart from other digital tokens. Alderoty stated that in countries like Singapore, the UK, EU, Dubai, Brazil, Australia, and Japan, there exists a rational regulatory framework, encouraging innovation while ensuring rigorous regulations are met. However, the U.S.
Instead, he urged the need for a rational and unified regulatory framework. Although there are some policymakers attempting to drive rational regulatory policies, Alderoty expressed skepticism regarding any substantial progress in the current or even the next Congress.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
Shibarium and BONE Listed on Turkish Crypto Platform, Bitcoin Might Meet 'Key Pivot Point' on Nov. 21, Ripple Keeps Moving Millions of XRP to Bitstamp: Crypto News Digest by U.Today
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