Ripple’s Chief Legal Officer, Stuart Alderoty, provides insights on the recent Terraform Labs case ruling, emphasizing the importance of factual basis in legal judgments.
A U.S. judge ruled against Terraform Labs and its CEO, Do Kwon, for violating federal securities laws in a lawsuit with the SEC.
Stuart Alderoty, Ripple’s Chief Legal Officer, shared insights on the recent Terraform Labs case ruling through a social media post. While refraining from taking a definitive stance on the Terraform case, Alderoty highlighted three crucial aspects of the court’s decision.
He emphasized the importance of factual basis in legal judgments, observed Judge Jed Rakoff’s lack of criticism or reference to a similar Ripple case, and criticized the SEC’s strategy of handling cryptocurrency regulation through prolonged, token-by-token litigation. Alderoty sees this approach as a misguided effort motivated more by a quest for political power than sound policy.
The recent court ruling favored t

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