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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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Ripple (XRP) Chief Legal Officer explained why the SEC withdrew its appeal in the lawsuit!
Ripple's (XRP) Chief Legal Officer (CLO) Stuart Alderoty discussed in the latest episode of the "Crypto In One Minute" program why the U.S. Securities and Exchange Commission (SEC) withdrew its appeal in the case against Ripple filed in March 2025 and evaluated the new direction of U.S. crypto regulation.
Alderoty summarized the process with a 60-second statement after a six-year legal battle. He pointed out that the SEC has withdrawn the lawsuits it filed not only against Ripple but also against all cryptocurrency companies in the country, stating that the fundamental reason behind this decision is that criminal proceedings conducted without clear and explicit legal regulations have become unsustainable.
"They finally accepted something we have been saying from the beginning: You cannot say you violated the law without explaining what the law says," said Alderoty, who stated that there has long been no clear regulation regarding cryptocurrencies in the US.
The Ripple executive also stated that with the legal processes behind them, there is now a need to focus on business and innovation. Alderoty said that "smart crypto regulations" that protect consumers, ensure market integrity, exclude bad actors, and at the same time pave the way for innovation need to be implemented in collaboration with Congress.