Ripple Official: Crypto is Not Just a Tool for Crime

Criticism of the Relationship Between Cryptocurrency and Crime

Ripple General Counsel Stuart Alderoty stated that the narrative adopted by the media labeling "cryptocurrency as a tool for crime and corruption" is incorrect. Alderoty expressed that this alternative explanation is "lazy and wrong."

Transparency and Use Purpose

Alderoty argued that public blockchains are transparent and traceable. He emphasized that everyday Americans use cryptocurrencies for payments, proof of ownership, and on-chain trading.

Call for More Education and Protection

While serving as President of the National Cryptocurrency Association, Alderoty has called for clearer rules and public education in his recent articles.