In this crypto news, Ripple's Chief Legal Officer, Stuart Alderoty, criticizes the U.S. Securities and Exchange Commission (SEC) and its regulatory approach, characterizing it as "lawless." He points out that Ripple exposed the SEC's tactics early in their legal battle, revealing issues with the agency's enforcement strategy. Alderoty believes the real concern is how to hold the SEC accountable for its actions. Ripple recently achieved a victory against the SEC when the court ruled that XRP is not a security. This ruling has weakened the SEC's campaign against crypto assets and given Ripple and the industry momentum in seeking regulatory clarity. The SEC plans to appeal the court's decision on certain prior XRP distributions by Ripple. The appeal process is expected to last until at least the fall of 2025.
- Content Editor ( u.today )
- 2024-12-15
Ripple Takes On SEC's 'Lawless Tactics' — Top Lawyer Alderoty Reveals