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Stuart Alderoty
@s_alderoty
Chief Legal Officer @Ripple and President @NatCryptoAssoc. Over 40 years of legal experience with expertise in regulatory affairs and complex litigation.
Joined July 2016
303 Following    282.7K Followers
Too many everyday Americans are losing money to new offerings. That has to change. Investors deserve to know what’s promised before they buy and who’s accountable. The SEC’s proposed rule delivers that baseline, and protects issuers who play by the rules. Those who try to evade the rules will be easy to spot.
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🚨 Today NCA submitted comments to @SECGov on its proposed Regulation Crypto Assets, which would create new ways for crypto projects to raise money. Half of new-offering participants reported losing money in the past 12 months to hacks, abandoned projects, or fraud. Much of this activity happens through unfiled sales and offshore structures. The status quo is not sustainable, and holders are asking for a fix: about 8 in 10 say clear SEC rules would increase their confidence. Read the full letter:
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