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Crypto Market News: While the crypto market environment continues to grow despite United States Securities and Exchanges Commission’s (SEC) enforcement actions, Bitcoin price grew in recent times thanks to the spot Bitcoin ETF filings from financial giants like Bitcoin. Although the SEC suggested that Blackrock refile the same, it remains to be seen if and when the decision is made, as we head to the election year 2024 in the US. In this context, the Ripple Vs SEC lawsuit has its own significance as it holds the key to whether most of the altcoins qualify as securities or not.
Also Read: Ripple Partner Volante Completes FedNow Testing With Custodian Bank, XRP To $1?
Ripple Chief Legal Officer Awarded
Stuart Alderoty, Chief Legal Officer at Ripple, has recently been awarded The Burton Award 2023 in the ‘Legends in Law’ category. With 35 years of legal experience, Alderoty is well known in the crypto community for statements exposing the regulatory gaps in digital assets laws. The Legends in the Law Award is given to general counsel based on an outstanding reputation in the legal profession and a track record of addressing complex matters of national or global significance in various specializations.
Overall, this is a welcome recognition to Alderoty, as it could go a long way in cementing Ripple’s reputation in the legal circles. Meanwhile, the XRP holders are awaiting the Summary Judgement in the Ripple Vs SEC lawsuit from Judge Analisa Torres.
Also Read: Bitcoin Falls As US SEC Reacts On ‘Inadequate’ Spot ETF Applications
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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