Stuart Alderoty Predicts Major Changes in the Crypto Space by 2024
According to Stuart Alderoty, Ripple’s legal chief, significant changes are expected in the world of cryptocurrencies by 2024. He specifically believes that the ongoing litigation between Ripple and the SEC will come to a resolution during this year.
A Potential End to the Ripple x SEC Lawsuit by 2024?
In addition to highlighting the potential consequences of the SEC’s current regulatory strategy on the industry, Alderoty forecasts a possible end to the Ripple x SEC lawsuit in 2024. This prediction sheds light on his perspectives on the future of the cryptocurrency ecosystem and blockchain technology.
In a tweet, Ripple shared Alderoty’s insights on policy and US crypto regulation for 2024, emphasizing his belief in a resolution of the ongoing legal dispute between Ripple and the SEC.
It’s worth noting that the SEC filed a lawsuit against Ripple Labs and two of its executives in late 2020, accusing them of conducting an unregistered $1.3 billion securities offering by selling XRP tokens.
The Impact on the Market and Adoption of Cryptocurrencies
Regulations in the United States remain a concern for cryptocurrency companies. Alderoty anticipates a consensus among US lawmakers on the need to regulate cryptocurrencies.
He also suggests that the role of the courts will be crucial in restraining what he views as excessive actions by the SEC. Alderoty predicts that the ongoing Ripple-SEC litigation could escalate to the Supreme Court of the United States, which would be a significant event for crypto regulation.
However, he also foresees challenges in implementing these regulations, which could leave American cryptocurrency companies vulnerable while other countries advance in terms of regulatory clarity and innovation.
