Stuart Alderoty

XRP’s Legal Status Unshaken Amid SEC Appeal – Ripple Prepares Counterstrike

October 20, 2024 Bitcoin.com

bitcoin.com

Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans to file a cross-appeal, as both parties brace for a prolonged legal […]

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Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

XRP may face volatility as market waits for ‘concrete results’ — Analyst

October 19, 2024 Coin Telegraph

Bitget

A crypto analyst opined that XRP’s price "is likely to fluctuate between $0.50 and $0.80" for the rest of 2024 with strong emphasis on regulatory developments.

The latest appeal by the United States regulator in its case against blockchain payments firm Ripple may further push market participants to adopt a more risk-off approach to XRP in the short term, according to a crypto analyst.

The comments come despite the recent filing not directly challenging the ruling that XRP is not a security. The appeal asked the court to review its decisions regarding Ripple’s XRP sales on exchanges and personal XRP sales by Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.

The legal uncertainty could widen XRP’s (XRP) price volatility, pushing the asset to potentially fluctuate within a range of nearly 50%, the analyst believes.

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Legal Expert Jeremy Hogan Says SEC’s Move To Appeal Ruling in Lawsuit Against Ripple a Big Mistake – Here’s Why

October 6, 2024 The Daily Hodl

crypto

A crypto legal expert says the U.S. Securities and Exchange Commission’s (SEC) decision to appeal a ruling in the Ripple Labs lawsuit is a huge mistake. The SEC first sued Ripple Labs in December 2020, alleging that the firm was selling the crypto asset XRP as an unregistered security. In October 2023, a judge ruled […]

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SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In

September 16, 2024 Bitcoin.com

Binance

Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the […]

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Ripple Chief Legal Officer Blasts SEC, Says Regulator Fabricated ‘Crypto Asset Security’ Term

September 4, 2024 The Daily Hodl

Daily Hodl

Ripple’s chief legal officer has accused the U.S. Securities and Exchange Commission (SEC) of fabricating the term “crypto asset security.” Ripple CLO Stuart Alderoty says the term has no legal basis and “is nowhere to be found in any statute.” “The SEC needs to stop trying to deceive judges by using it.” The SEC has […]

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Ripple lawyer slams SEC use of ‘crypto asset security’

September 3, 2024 Coin Telegraph

art sales

Ripple's chief legal officer Stuart Alderoty says the term is “fabricated” with no legal basis.

Ripple Labs' chief legal officer has taken aim at the United States Securities and Exchange Commission (SEC) repeated use of the phrase "crypto asset security", arguing its a fabricated term with no legal grounding.

In a recent Aug. 30 filing, the SEC warned it could challenge any plan by defunct crypto exchange FTX to use stablecoins in repaying creditors, with the regulator noting its portfolio has "crypto asset securities."

Ripple's top lawyer, Stuart Alderoty, argues the SEC is trying to “deceive judges” by using the term.

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Better Markets CEO Says SEC Has 90% Chance of Winning in Ripple Appeal — Criticizes Judge’s XRP Ruling

August 18, 2024 Bitcoin.com

Appeal

Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […]

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Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

August 18, 2024 Bitcoin.com

Appeal

Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […]

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Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case

August 12, 2024 Bitcoin.com

biden-harris

Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that […]

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Ripple Chief Legal Counsel Details ‘Juvenile Behavior’ From SEC Amid Anti-Crypto Enforcement Actions

November 22, 2023 The Daily Hodl

attorney

Ripple’s chief legal counsel is calling out what he says are childish antics from the U.S. Securities and Exchange Commission (SEC) as regulators continue to target crypto assets. In a new thread on the social media platform X, attorney Stuart Alderoty says Binance’s recent regulatory woes are a “necessary step” to bring the digital assets […]

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