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[Ripple Legal Director Believes That The SEC's Crypto Enforcement Strategy Will Not Change Due To The Supreme Court Ruling] Ripple Chief Legal Officer Stuart Alderoty Believes That The U.S. Supreme Court's Ruling In June 2024 Overturning The Chevron USA Inc. Vs. Natural Resources Defense Council Case Will Have Little Impact On The SEC's Strategy Of Achieving Crypto Compliance Through Law Enforcement. In An Interview With Cointelegraph, Alderoty Emphasized That Only A Change In Leadership Will Lead To A Change In The SEC's Position. He Said That The SEC Under The Current Leadership Has Caused Great Damage To The Once Respected Institution. Alderoty Also Pointed Out That The SEC's Continued Litigation Against The Crypto Industry, Including The Recent Appeal In The Ripple Case, Is Deliberately Creating Maximum Confusion. He Believes That The SEC Maintains Legal Uncertainty In The Industry Through A Large Number Of Enforcement Actions And Appeals. Alderoty Believes That The SEC Will Eventually Be Proven Wrong Again, But They Don't Care About It, And Describes The SEC's Tough Attitude Towards The Crypto Industry As "very Disturbing." The 1984 Chevron Case Established The Court's Respect For The Regulator's Policy Enforcement Methods, But Was Overturned By The U.S. Supreme Court In Loper Bright Enterprises V. Raimondo On June 28, 2024. For The Emerging Crypto Industry, This Means That Startups Face Strict Requirements From Multiple Government Regulators, Hindering Innovation And Discouraging Investment, Especially From Institutions. In July 2024, Uniswap Labs Cited The Overturn Of The Chevron Case As A Basis For Opposing The SEC's Expansion Of The Definition Of "exchange" Under The Exchange Act Of 1934, A Regulatory Change That Would Bring Decentralized Financial Projects Under SEC Regulation
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