Stuart Alderoty said the SEC’s actions are forcing consumers to hold the bag

Ripple legal counsel Stuart Alderoty said the SEC’s actions are forcing consumers to hold the bag.

Ripple legal counsel Stuart Alderoty recently said that the SEC’s actions are forcing consumers to hold the bag. It was explained like this:

The SEC’s shakedown of BlockFi led to a mess. BlockFi ended up on the auction block and two other companies with similar businesses went belly up. Consumers weren’t protected, they were left holding the bag. What we need is regulatory clarity for crypto, not the SEC swinging its billy club to protect its turf at the expense of the more than 40 million Americans in the crypto economy.

Previously James K. Filan reported on the new SEC statement in the course of the lawsuit. Also Monica Long at NFT.NYC 2022 discussed the importance of increasing the number of women in the crypto industry.