Ripple Legal Chief Raises Alarm Over Losses in New Crypto Offerings

Ripple’s legal chief Stuart Alderoty is calling for clearer project promises and issuer accountability amid concerns about losses in new crypto offerings. His comments highlight investor protections as the SEC considers new fundraising rules. Americans losing money in new crypto offerings need clearer information about project commitments and who is accountable for delivering them, Ripple Chief Legal Officer Stuart Alderoty argued Oct. 23. The executive at the blockchain payments company addressed those concerns in his call for crypto issuer accountability on X, supporting the Securities and Exchange Commission’s (SEC) proposed Regulation Crypto Assets. Alderoty, who also serves as president of the National Cryptocurrency Association (NCA), wrote: His comments follow Ripple’s support for formal crypto fundraising rules in an Oct. 20 submission that also requested trading safeguards.

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