XRP executive: "All op-eds rebutting the NYT’s ‘crypto is useless’ argument were ignored"

JH Kim

Summary

Stuart Alderoty, chief legal officer (CLO) of XRP, said he had publicly rebutted The New York Times’ (NYT) critical coverage of virtual assets.
Alderoty said that numerous rebuttal letters and op-eds were all ignored, and noted that today millions of Americans are improving their lives through virtual assets.
Coinbase Chief Policy Officer Faryar Shirzad was quoted as countering criticism of virtual assets by saying the internet and the iPhone faced the same criticism in their early days.

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Stuart Alderoty, chief legal officer (CLO) of XRP, issued a public rebuttal to The New York Times’ (NYT) critical coverage of virtual assets (cryptocurrencies).

On the 27th (local time), Alderoty wrote on X (formerly Twitter), “I sent countless letters and op-eds pushing back against the NYT’s lazy, anachronistic claim that virtual assets are useless, but they were all ignored,” adding, “Today, millions of Americans are improving their lives through virtual assets. Turning a blind eye to that is irresponsible.”

Earlier, Coinbase Chief Policy Officer (CPO) Faryar Shirzad also criticized an NYT op-ed, countering that “the internet and the iPhone faced the same criticism in their early days.”