In the wake of a controversial open letter from the Blockchain Association, Ripple&#39;s Chief Legal Officer, Stuart Alderoty, has voiced his support for the association&#39;s position. In a tweet, Alderoty called the letter a &#34;must-read,&#34; pointing out that SEC Chair Gary Gensler&#39;s public statements have legal consequences and that the commission should be held accountable. Highlighting the situation, Alderoty tweeted:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/84094667e1ee42bf8dea0cf57bd3a369.png" />The Blockchain Association&#39;s <a href="https://theblockchainassociation.org/chair-gensler-must-recuse-himself/" rel="noopener noreferrer nofollow">open letter</a> suggests that, according to federal law, Gensler needs to remove himself from matters concerning digital assets. The association alleged that Gensler overstepped his bounds granted by Congress, showing clear prejudice against the crypto industry, a claim that was backed by Ripple and LBRY earlier this year​.The Association further criticized Gensler&#39;s leadership for its <a href="https://cryptotale.org/securities-regulations-already-exist-to-govern-crypto-u-s-secs-gary-gensler/" rel="noopener noreferrer nofollow">refusal to create rules</a> and guidelines that clarify how securities laws apply to different products or services in the crypto industry. They argued that this lack of clarity makes it hard for investors, entrepreneurs, and the public to navigate the regulatory landscape confidently​​.Jake Chervinsky, the Blockchain Association&#39;s Chief Policy Officer, has also spoken out against Gensler&#39;s handling of digital asset-related enforcement matters. Chervinsky asserted that Gensler&#39;s seeming bias against digital assets means that he should recuse himself from these enforcement decisions. He stated that if Gensler does not voluntarily recuse himself, enforcement targets might raise the issue of his recusal in SEC proceedings and federal courts​​.Read full article at <a href="https://cryptotale.org/stuart-alderoty-supports-call-for-genslers-step-back-from-crypto-matters/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Stuart Alderoty Supports Call for Gensler's Step-Back from Crypto Matters

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