Ripple CLO Criticizes Gary Gensler Amid SEC’s DEBT Box Decision
Ripple’s Chief Legal Officer has commented on the role of Gary Gensler and the complications of the Ripple vs SEC case. Paul Grewal, the legal head of Coinbase, also raised similar concerns, shedding light on what they see as flaws in the SEC’s approach under Gensler’s leadership.
Expert’s Took a Jab at Gary Gensler’s Leadership
Alderoty recently expressed that the SEC, under Gensler, appears to act without consequences, comparing it to a “police state” lacking accountability. This reflects his frustration with the agency’s behavior.
Both Alderoty and Grewal criticize the SEC’s actions amid ongoing legal disputes between Ripple, Coinbase, and the SEC, adding to complexity and tension surrounding their interactions.
SEC’s Plan to Dismiss DEBT Box Case
The SEC plans to drop its case against DEBT Box, but lawmakers, including J.D. Vance and Cynthia Lummis, are concerned about the agency’s integrity. Critics accuse the SEC of playing politics instead of acting ethically. Lawmakers are also unhappy with SEC Chair Gensler’s approach to regulating cryptocurrencies, with ongoing discussions about regulating stablecoins.
Overall, criticisms from Alderoty and Grewal raise bigger concerns about the SEC’s regulation under Gensler’s leadership, indicating the need for more openness, accountability, and fairness from the agency when dealing with cryptocurrency companies.
By
By
By