Ripple's Chief Legal Officer criticizes SEC
Stuart Alderoty, Ripple's Chief Legal Officer and General Counsel, has denounced the United States Securities and Exchange Commission's (SEC) recent filing as a "contradictory shift" with minimal impact.
SEC accused of hypocrisy
In response to the SEC's latest submission, Alderoty referred to it as a "hypocritical pivot," questioning Chairman Gary Gensler's inconsistencies and manipulative actions.
Newfound concern for judicial resources
Attorney James K. Filan mocked the SEC for suddenly expressing concern for preserving judicial resources, highlighting their previous attempt to halt proceedings in the case.
Mischaracterization or reality?
Renowned pro-XRP attorney John E. Deaton argues that Alderoty's characterization of the SEC as "hypocritical" is in line with the federal judge presiding over the case, who has criticized the SEC's assertions in the past.
Possible conclusion on the horizon
Ripple's Executive Chairman, Chris Larsen, believes that the SEC's strategy of enforcing regulations through legal actions may soon reach its end.
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