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Ripple chief legal officer: SEC submits response memo that once again proves its hypocritical and contradictory position
Odaily Planet Daily News US After the SEC filed documents supporting the interlocutory appeal, Ripple Chief Legal Officer Stuart Alderoty called the SEC's latest opinion a "contradictory exchange" and believed it had little impact. Alderoty said Gary Gensler is inconsistent, manipulative and has a desire to expand his regulatory powers. He noted that Gensler had requested an immediate appeal, but emphasized that encryption regulations and rules are clear and the industry must comply with them. John E. Deaton, a lawyer who supports XRP, said those unfamiliar with the US SEC v. Ripple Labs case may find Alderoty's response to the SEC harsh. But for those familiar with the case, Alderoty said the SEC was hypocritical and merely echoed the words of the federal judge presiding over the case. In the Grayscale case, a US federal judge criticized the SEC's arguments as arbitrary and capricious. Meanwhile, in the Ripple case, Judge Netburn used the word "hypocrisy" to describe the SEC's contradictory stance. (Cointelegraph) According to previous reports, the SEC alleged that Ripple Labs was likely trying to delay the case to continue selling XRP, according to a legal document filed by former US federal prosecutor James K. Filan. open market #BountyCreator# #ContentStar# #GateioBountyCreator# #NewsMessenger# #HotTopicDiscussion# #MyFancyCreator# #ContentMining#