Ripple’s Top Lawyer Criticism Of Gary Gensler
On Thursday, November 16, Stuart Alderoty took to Twitter to express his criticism of the SEC’s chairman. He compared Gensler to a character known as Colonel Nathan Roy Jessup, from Aaron Sorkin’s renowned play ‘A Few Good Men.
Alderoty’s comparison highlights that Gensler is stubborn and resistant to facing criticism and has become like the insulate Colonel Jessup due to his failure in admitting fault.
The Ripple’s top lawyer’s recent criticism was fueled by recent actions of Gensler in courtrooms, public appearances, and parliamentary appearances. Despite his criticism, Gensler remains strong to take on advocates of cryptocurrency and is unwavering in his position, much like Col. Jessup.
Pro-Ripple Lawyer John E. Deaton weighed in on Alderoty’s comparison post sharing his displeasure with it. According to Deaton, Stuart’s comparison is inadequate as he believes Col. Jessup is way more appealing than Gensler.
In response to the post, another Twitter user also highlighted that Gensler is incomparable while mocking the chairman.
The SEC’s Chairman Is Not Going Down Without A Fight
Alderoty’s criticism came amid growing hostilities between the SEC and the cryptocurrency industry. Representative Tom Emmer has suggested cutting down the SEC’s jurisdiction over cryptocurrencies until regulations from Congress are established.
Gensler was accused of concentrating power at the expense of Americans’ financial chances during a recent testimony before the House Financial Services Committee. However, Gensler compared the current state of affairs to the 1920s, before regulations were made present, and he supported the SEC’s objective stance toward technology.
Additionally, the SEC’s chairman emphasized the necessity for careful compliance in the cryptocurrency sector. This shows Gensler is not going down without a fight.
Hot Take
Ripple’s top lawyer criticizes Gary Gensler comparing him to fictional character “Colonel Jessup” from A Few Good Men. This suggests an ongoing battle between Ripple and the SEC that continues to intensify with growing hostilities between both parties.
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