Ripple CEO Brad Garlinghouse and General Counsel Stuart Alderoty have recently been critical of actions taken by the Securities and Exchange Commission (SEC) and its chairman Gary Gensler. This has prompted XRP community lawyer Bill Morgan to suggest that Ripple is not likely to settle in their ongoing lawsuit with the SEC. The criticism of the SEC comes after Gensler's recent statement that the agency should take the lead in determining what a security is, rather than engaging in an attempt to legislate it.

This has been met with a strong reaction from Garlinghouse and the crypto community, who have argued that it is beyond comprehension for Gensler to imply he can dictate what constitutes as security, ignoring the regulations in place. Garlinghouse remarked that when an agency is "behaving like an autocrat" and lacking crystal-clear jurisdiction, ambiguity works to its advantage.

Ripple's General Counsel has also been vocal about his disdain for SEC's methods. Earlier, Alderoty claimed that the invitation from the agency for crypto companies to register was actually a "bait-and-switch" trap, and the SEC was instead trying to bully and bulldoze those companies with enforcement actions. He added that if distasteful practices such as these continue to be employed by unelected bureaucrats like Gensler, cryptocurrency innovation will only be pushed out of the US.

Given the unabashed nature of their public condemnations, Morgan believes that this signals Ripple is far from coming to amicable terms with the SEC, and is instead willing to pursue the legal battle. Only time will tell how this situation will eventually play out, but Ripple and the SEC's current feud show no signs of ending any time soon.



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