- SEC recently made a filing to reinforce its interlocutory appeal against Ripple.
- XRP price has seen little reaction since the filing and Ripple’s recent acquisition announcement.
The Chief Legal Officer of Ripple [XRP] has recently criticized the Securities and Exchange Commission (SEC) for their recent court filing. This filing by the SEC is an extension of the SEC’s response to Ripple’s recent partial legal win.
Realistic or not, here’s XRP’s market cap in BTC terms
Ripple legal chief puts the SEC on a blast
On 9 September, Stuart Alderoty, the Chief Legal Officer of Ripple, posted about a recent SEC filing. This filing from the SEC aimed to reinforce its interlocutory appeal.
In his post, Alderoty referred to this submission as a “hypocritical pivot,” highlighting what he perceived as inconsistencies, manipulative actions, and a desire for expanded regulation by SEC Chair Gary Gensler.
Another SEC filing, another hypocritical pivot…
After years of its chairman saying the “rules are clear and must be obeyed” the SEC now cries that an appeal is urgently needed to resolve these “knotty legal problems.” https://t.co/ige4neIWRD
— Stuart Alderoty (@s_alderoty)
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Author: Adewale OlarindeDid you like this?
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