Ripple’s Chief Legal Officer, Stuart Alderoty, believes that the US Securities and Exchange Commission (SEC) is becoming irrelevant. Meanwhile, Europe has plans for its own version of the SEC.
The SEC has been on the receiving end of community backlash, particularly after it sued Ripple Labs in 2020. Industry leaders believe that it is becoming irrelevant on the international stage.
Ripple Chief Legal Officer Heavily Criticizes Securities Regulator
Amid the ongoing legal battle between Ripple Labs and the SEC, Alderoty heavily mocked the SEC. He wrote on X (Twitter):
“The SEC is losing in court; being criticized by Judges for shady behavior; being rebuked by the Gov’t’s internal auditor; hiding info about meetings with a felon; becoming irrelevant on the international stage.”
Recently, the SEC chair Gary Gensler uploaded a video on X, quoting the American businessman and politician Joseph P. Kennedy:
However, Alderoty took the opportunity to criticize the SEC further. He said:
Go to Source to See Full Article
Author: Harsh NotariyaDid you like this?
Tip BTC Newswire with CryptocurrencyDonate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
