Ripple Joins Opposition to SEC’s Crenshaw Re-Nomination ⚖️
SEC Commissioner Caroline Crenshaw faces increased opposition to her re-nomination, notably from Ripple’s Chief Legal Officer Stuart Alderoty. Alderoty took to X to argue that Crenshaw acts "even more rogue than SEC Chair Gary Gensler." This resistance is primarily due to Crenshaw’s continuous opposition to Bitcoin spot exchange-traded funds (ETFs).
Earlier, a federal court ruling supported Bitcoin ETFs, emphasizing the misalignment between Crenshaw’s stance and judicial perspectives. Ripple joins a larger group of entities and individuals concerned about the SEC's regulatory approach under Crenshaw’s influence. This disagreement is emblematic of broader tensions within the U.S. crypto regulatory environment.