Crypto Community Criticizes SECs Ripple Appeal, Accusing it of Undermining the US Government

Crypto Community Criticizes SECs Ripple Appeal, Accusing it of Undermining the US Government

The SEC Pushes for Intermediary Appeal in Ripple Case

The United States Securities and Exchange Commission (SEC) has filed a reply memorandum, urging for an intermediary appeal in the ongoing Ripple case. This move has sparked speculation as the SEC accuses Ripple of intentionally prolonging the legal process for its own benefit. The digital currency community is buzzing with discussion, and numerous notable figures have shared their opinions on the matter.

Prominent cryptocurrency influencer Mr. Huber has expressed concerns, cautioning that even a Supreme Court ruling may not be enough to rein in the SEC’s actions.

Ripple’s CLO Fires Back

Ripple’s Chief Legal Officer, Stuart Alderoty, has responded by stating that regardless of the SEC chairperson’s insistence on clear and obedient regulations, the commission now seeks an urgent appeal to address complex legal issues. Ripple is prepared to hold the SEC accountable for its inconsistent stance.

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Cryptocurrency commentator Ashley Prosper has taken to Twitter, condemning the SEC for undermining the United States Government and its legal framework. She implies that sanctions could be warranted due to the SEC’s alleged misuse of judicial resources. Ashley likewise urges the SEC to expedite the case’s resolution, allowing corporations to operate in the United States without constant legal concerns.

Hot Take: Ripple vs SEC Case Crucial for Digital currency Law in America

The Ripple vs SEC case is not just a legal battle, but likewise a pivotal moment for future of the digital currency law in America. Views on the matter range from criticism to facilitate, highlighting the significance of this ongoing dispute.

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