Stuart Alderoty, Chief Legal Officer of Ripple, has expressed optimism that the future leadership of the US Securities and Exchange Commission (SEC) could shift the process of the continuous legal struggle of the company. In particular, he hopes that Paul Atkins, nominated by Donald Trump to lead the sec, could take a more mild attitude towards crypto companies, possibly rejecting enforcement actions based on registration issues instead of fraud.
In a discussion of 28 January for XRP Community Day 2025 Alderoty recognized the bureaucratic character of the SEC and he expressed his hope that the committee could concentrate on cases of fraud under Atkins.
“Litigation, regulation by enforcement, is not the path that this country should pursue. I believe the new SEC understands that, and I remain carefully optimistic that the case will be voluntarily withdrawn at a certain moment in 2025, “he said.
The Senate has not yet planned a confirmation hearing for Atkins, but if he takes on the role, Alderoty is of the opinion that the SEC could return to civil suits against crypto companies, especially those where the most important care is a lack of registration . Ripple, who is currently involved in a lawsuit with the SEC on the classification of his XRP token as a non -registered safety, has been in legal Limbo since December 2020.
The case has seen important developments, including a federal court who ruled in August 2024 that Ripple was liable for more than $ 125 million. Both Ripple and the SEC have appealed, with Ripple disputing the decision. The outcome of the Leadership transition of the SEC could significantly influence Ripple’s legal landscape and the future with the agency.
