- Stuart Alderoty thinks the United States has lost its way in digital assets regulation.
- Alderoty thinks the US allowed politics and power to be elevated over sound policy.
- According to Alderoty, various agencies are fighting over control rather than satisfying the right policy outcome.
Ripple’s General Counsel, Stuart Alderoty, thinks the United States has lost its way in digital assets regulation. According to him, the US lost its way by allowing politics and power to be elevated over sound policy, meaning the country has various agencies fighting over control rather than satisfying the right policy outcome.
In a recently uploaded video, Alderoty outlined several regions where digital assets regulation has been successful. Places like Singapore, the UK, the EU region, Dubai, Brazil, Australia, Japan, and other regions where the governments effectively accommodate emerging technology.
Alderoty noted that in such countries, there are rational regulatory frameworks not looking to push out innovation but provide rigorous regulatory regimes that anyone willing to participate within the regions must satisfy.
According to Alderoty, the issue in the US had a…
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