Ripple General Counsel Member Urges Congressional Oversight of SEC
Ripple General Counsel member Stuart Alderoty has publicly urged Congressional oversight of the Securities and Exchange Commission (SEC), questioning the agency's regulatory approach. This comes amidst ongoing debates about the SEC's power and role in regulating the cryptocurrency industry. Ripple thinks the congress needs to take away some of the power of the SEC when it comes to cryptocurrency regulations. In a tweet today, the General Counsel at Ripple Labs, Stuart Alderoty, slammed Gary Gensler, the United States Securities and Exchange Commission (SEC) for what he perceives as regulatory overreach.
Ripple Urges Congressional Action Over Regulatory Overreach
The call for Congressional oversight highlights growing concerns within the crypto community about the SEC's enforcement-driven approach. Ripple General Counselor Urges ‘Congressional Oversight’ on SEC, echoing sentiments that the SEC's actions create ambiguity and stifle innovation. The letter condemns so-called regulatory overreach by enforcement, cautioning that it fosters ambiguity and discourages investment in the United States.
Ripple's Victory and Continued Concerns
In what is seen as a clear victory for Ripple, the Court issued a remedies order imposing a $125 million penalty for certain historic unregistered sales of XRP to institutional investors. However, this partial victory doesn't negate Ripple's fundamental concerns about the SEC's regulatory framework. The push for Congressional intervention aims to establish clearer guidelines and prevent future regulatory uncertainty.
Stuart Alderoty's Fortune Article
In an article published in Fortune, Ripple General Counsel member Stuart Alderoty urges Congressional oversight of the SEC, elaborating on the need for greater clarity and accountability. As 2025 marked a year of controversy for the industry, Alderoty questions just what role the U.S. Securities and Exchange Commission had in fostering innovation versus creating unnecessary obstacles. The core argument centers on the belief that Congressional oversight is essential to ensure a balanced and effective regulatory environment for the cryptocurrency industry.