Today, we're bringing you an episode of our sister podcast, Chain Reaction. 

Chain Reaction unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. 

 Jacquelyn interviewed Stu Alderoty, chief legal officer of Ripple Labs. 

Stu spent most of his career working for traditional financial institutions in legal roles at firms like CIT Group, American Express and HSBC and left that world in 2019 to join Ripple.

Ripple has been around since 2012, but has been making headlines lately for the recent federal court ruling that stated the XRP token, which is linked to Ripple, is not a security when sold to the general public but can be treated as a security for past XRP sales to institutional clients. 

We broke down the nitty gritty details of the U.S. District Court of the Southern District of New York federal court ruling for Ripple and what it means for the company, XRP token and crypto ecosystem. 

We also talked about: 

• Securities vs. commodities
• Ripple’s SEC lawsuit
• Future regulation and clarity
• Advice for other startups

Need to catch up before you listen? Read these for a quick overview:

• Federal court rules Ripple’s XRP token can be treated as a security… sometimes
• Ripple’s XRP case ‘underscores the need for regulatory clarity’

Chain Reaction comes out every other Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.