The post XRP News: Ripple CLO Calls SEC Filing a “Hypocritical Pivot” appeared first on Coinpedia Fintech News
The SEC has filed another interlocutory appeal—designed to seek preliminary judicial review—to further its case against Ripple.
Stuart Alderoty, Ripple’s Chief Legal Officer, wasted no time labeling the SEC’s recent interlocutory appeal filing as “hypocritical.” Alderoty, who also serves as general counsel in the lawsuit, doubled down on the SEC’s Chairman Gary Gensler’s seemingly inconsistent stance. He pointed out that despite years of insisting “rules are clear and must be obeyed,” the SEC is now pleading for an urgent appeal to unravel “knotty legal problems.”
The Legal Eagle Weigh-in
John E. Deaton, another legal ace in the crypto arena, echoed Alderoty’s sentiment. “People unfamiliar with the U.S. SEC v. Ripple Labs might think Alderoty is harsh,” Deaton said. “But those in the know realize that when Alderoty calls the SEC ‘hypocritical,’ he’s simply reiterating the federal judge’s own words.”
Now Read – SEC’s Reply Memo in Ripple Case: A Laughable Strategy or a Clever One?
The Regulatory Tightrope: What’s at Stake?
The SEC’s paradoxical stances have not just confused the crypto industry, but they have also raised eyebrows among lawmakers and policy experts who question the regulatory body’s apparent indecisiveness.
Chris Larsen, Ripple’s executive chairman, is hopeful that the SEC’s policy of “regulation by enforcement” will eventually collapse under its own weight, given the mounting critique from various quarters, including the judiciary.
Australian lawyer Bill Morgan was quick to critique the SEC’s portrayal of Judge Torres’s ruling, declaring, “The SEC is in trouble in this motion.” Crypto commentator Ashley Prosper opined that the SEC is making a “mockery of the U.S. government and its judicial system” and even mooted the idea of sanctions against the SEC for what she perceives as an abuse of judicial resources.
With viewpoints fluctuating between criticism and support, one thing is crystal clear: the Ripple vs SEC case isn’t just a legal battle; it’s rapidly becoming a crucible for the future of cryptocurrency law in America.
Now Read – SEC Files Motion to Expedite Ripple Case, XRP Dips 0.04%
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