The SEC Files Another Appeal in Ripple Case, Invoking Criticism
The Securities and Exchange Commission (SEC) has submitted another interlocutory appeal to advance its case against Ripple, a leading cryptocurrency company. Ripple’s Chief Legal Officer, Stuart Alderoty, wasted no time in criticizing the SEC’s filing, calling it “hypocritical.” Alderoty pointed out the apparent inconsistency in SEC Chairman Gary Gensler’s stance, as the agency pleads for an urgent appeal to address “complex legal problems” after years of emphasizing the importance of following clear rules.
The Crypto Community is Fuming
Australian lawyer Bill Morgan swiftly criticized the SEC’s interpretation of Judge Torres’s ruling, suggesting that the agency is facing difficulties in this motion. The Ripple vs SEC case is not just a legal battle; it holds significant implications for the future of cryptocurrency in the United States. The opinions within the crypto community vary from criticism to support, highlighting the importance of the case’s outcome.
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