Crypto’s latest media dust-up is missing the everyday reality of on-chain use, Ripple Chief Legal Officer Stuart Alderoty argued Thursday, saying recent mainstream pieces have celebrated a “crypto is a tool of crime and corruption” narrative while ignoring transparent ledgers and broad adoption.

In his Oct. 17 post on X, Alderoty called that framing “a convenient narrative, but a lazy and inaccurate one,” and tried to pivot the conversation to who actually uses crypto and why. He wrote that digital assets are used by tens of millions of Americans for practical tasks — such as lending money, proving ownership and building new forms of commerce — and emphasized that these activities run on “transparent, traceable” blockchains.

In his view, “crime doesn’t thrive in plain sight,” and public rails make it easier, not harder, to scrutinize flows. That transparency, he suggested, is the missing context when opinion pages lean on a crime-and-corruption-first lens.

Alderoty’s post pressed the idea that the “real story” is quotidian utility, not sensational edge cases. He framed crypto less as a speculative playground and more as a toolkit that compresses settlement times, reduces intermediaries and creates auditable records that ordinary people

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Author: Siamak Masnavi