Main navigation

Ripple's Alderoty Urges Caution Before Joining Sen. Warren's Anti-Crypto Campaign

Fri, 03/31/2023 - 19:58
article image
Alex Dovbnya
Alderoty's tweet highlights the growing tension between the industry and anti-crypto voices Warren 
Ripple's Alderoty Urges Caution Before Joining Sen. Warren's Anti-Crypto Campaign
Cover image via
Read U.TODAY on
Google News

Stuart Alderoty, Ripple's general counsel, criticized Massachusetts Senator Elizabeth Warren's efforts to build an anti-cryptocurrency coalition today via Twitter.

"Before other politicians join Sen. Warren’s anti-crypto army, remember her 2020 campaign for the Democratic presidential nomination failed so miserably she dropped out after being declared unelectable," he said. 

Alderoty's tweet follows Warren's re-election campaign post earlier this week, which mentioned her intention to create a united front against the rapidly growing digital asset industry.

Jim Cramer Says Binance 'Way Too Sketchy,' Binance CEO CZ Reacts
During her 2020 presidential campaign, she established herself as one of the leading progressive voices. However, her campaign struggled to pick up steam, which is why she eventually withdrew from the race in March 2020.

Despite her unsuccessful bid for the presidential nomination, Warren remains a prominent voice in the Democratic Party. She has as a leading figure in the push for increased crypto oversight.

In February, Politico reported that she had been trying to gain support from conservative Senate Republicans for her crypto legislation. Her bill will make it possible to impose stricter anti-money laundering measures. 

An alliance between progressives, conservatives, watchdog groups, and the banking sector would be aimed at curbing cryptocurrency's expansion.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at