US must act now on crypto legislation, before 'switch flips back,' says Ripple Chief Legal Officer Alderoty
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Quick Take
- The Trump administration over the past year has brought the crypto industry back after it was “dangerously at the precipice” of losing out on growing in the U.S., Ripple Chief Legal Officer Stuart Alderoty said.
- Alderoty said a market structure bill needs to be done ahead of a switch to a potentially more “hostile” environment.
The U.S. needs to "seize" the moment and pass a bill to regulate the cryptocurrency industry, said Ripple's Stuart Alderoty.
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