Ripple’s Stuart Alderoty Urges Bipartisan Approach to Crypto Innovation

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Ripple’s Chief Officer, Stuart Alderoty advocates bipartisan cooperation in cryptocurrency innovation, urging unity beyond political lines. He praises bipartisan consensus in the US House of Representatives, overturning the guidance of the SEC on crypto custody. Although the move is criticized for hindering banks, it gathers support from 21 Democrats and Republicans alike. In fact, Alderoty’s stance aligns with pro-crypto SEC Commissioner Hester Peirce’s critique of the SEC’s “scattershot” approach to custody regulation. However, the success of the resolution depends on Senate support, representing a rare moment of unity in the sectors of cryptocurrency and banking.