Stuart Alderoty is giving the US Securities and Exchange Commission its toughest fight against crypto regulation in one of the industry’s most important tests, even as the FTX debacle grips the world of digital assets.
Alderoty, a 63-year-old lawyer, has spent most of his career working for traditional financial players. As chief legal officer for the payments company Ripple Labs Inc., he’s now at the center of a scorched-earth litigation and public relations battle against the SEC its chairman, Gary Gensler.
“They want to exert power that the law doesn’t otherwise give them,” Alderoty said in an interview in Washington prior to FTX’s bankruptcy.
‘Enforcement 40’ for 2020
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