
Crypto Market News: Amid an increasingly tougher regulatory scrutiny on crypto businesses from the U.S. Securities and Exchange Commission (SEC), verbal attack on the agency is rampant. While executives from the likes of Grayscale and Binance have been engaging is sharp criticism of SEC Chair Gary Gensler, Ripple, the company fighting SEC in the XRP lawsuit, is onto a slightly different debate. The company’s questioning is based on the classic question in crypto market, whether XRP is a security or not.
Also Read: Mastercard Partners With Polygon, Solana & Others To Launch Crypto Credentials
The debate around XRP not being a security arose again in the wake of Coinbase’s formal response to the SEC’s Wells notice saying the platform followed the securities laws in its United States operations. This, according to the XRP community, indirectly indicates that XRP was also not trading as a security before Coinbase delisted the altcoin in 2020 over the SEC lawsuit.
Stuart Alderoty Roasts SEC
Stuart Alderoty, the Chief Legal Officer at Ripple, posted a hilarious image of an entangled goldfish in the waters, likening the SEC’s stance of controlling it, in the instance of the SEC supervising animal control. He shared the image in response to Gensler’s tweet on crypto platforms having to comply with securities laws and registering with the SEC.
If the SEC ran animal control… https://t.co/mneuZfGgCy pic.twitter.com/k3mHYgPxQ1
— Stuart Alderoty (@s_alderoty) April 28, 2023
Meanwhile, the Summary Judgement in the XRP Vs SEC lawsuit is still awaited, amid expectations that Ripple would win the case.
Also Read: PayPal’s Crypto Push: Over 60 Million Venmo Users Can Now Transfer Crypto
The post Ripple Chief Legal Officer Roasts US SEC, Chair Gary Gensler appeared first on CoinGape.
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks