Ripple's chief legal officer, Stuart Alderoty, believes that the Supreme Court's June 2024 overturn of Chevron USA Inc. vs. Natural Resources Defense Council will not significantly alter the SEC's approach to crypto regulation. Alderoty asserts that the SEC has pursued a strategy of enforcement-induced compliance, suggesting that confusion among industry participants is intentional. He criticized the current SEC leadership for causing institutional damage and not caring whether their legal stands are valid. This enforcement strategy, he argues, creates a legal uncertainty that stifles innovation in the crypto sector. The article also references the repeal of the Chevron precedent established in 1984, which had previously allowed courts more flexibility in regulatory decision-making. This shift compounds the challenges facing the crypto industry, as startups are burdened by complex regulatory requirements, further discouraging investment, particularly from institutional players.

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