Stuart Alderoty, Ripple's CLO, expressed his satisfaction with the new U.S. administration's approach to cryptocurrency in an interview with CNBC. He stated that the previous administration had pushed the industry out of the U.S. with restrictive policies, but the new administration is embracing cryptocurrency and clearing obstacles to innovation. Alderoty revealed that Ripple is bringing 75% of its offshore hiring efforts back onshore in the U.S. and believes the country can once again become a global leader in cryptocurrency technology. These changes come amid the ongoing SEC case against Ripple, leaving many speculating if it may be coming to an end soon. Alderoty outlined three major forces shaping U.S. crypto reform: President Trump's executive order, changes in federal regulation, and legislative action from Congress. He praised the executive order's goal of making the U.S. the "crypto capital of the world" and the positive regulatory developments it has sparked, including the appointment of a "crypto czar" to update regulations. Alderoty is optimistic that these changes will make it easier for banks to engage with crypto, further establishing the U.S. as a favorable environment for crypto innovation.



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