CandleFocus SEC's Controversial Term Is Catching Up with It, Ripple's Top Lawyer Says
2024-09-19
Author: Content Editor
Stuard Alderoty, Ripple's chief legal officer, praised Rep. Ritchie Torres for challenging the SEC's use of the term "crypto asset security" during a hearing. Robinhood's chief legal officer, Daniel Gallagher, also questioned the origins of the term. Alderoty accused the SEC of misleading judges by using the term and warned against deception. The SEC recently apologized for using the term in the Binance case and acknowledged it caused confusion. Alderoty criticized the SEC for lagging behind global regulators and expressed doubt that the US could catch up.
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