Ripple-noemt SEC lawyer in New York is accused of spreading hypocrisy
Stuart Alderothy is Ripple's chief legal counsel and the lead legal counsel in the SEC USA case.Ripple Labs has called the latest offer from the US Securities and Exchange Commission (SEC) a contradictory exchange and claims that it has had little impact. After a recent SEC filing, in support of his tentative appeal, Alderothi posted on X (formerly Twitter) that the filing was another case of hypocritical spin. Alderothi highlighted what he saw as SEC Chairman Gary Gensler's inconsistency, manipulative actions and desire for extensive regulation.He stressed that despite Gensler's claim that crypto regulations and regulations are clear and should be followed by the industry, he filed an urgent appeal. Another lawyer, James Philan, conducted an investigation into the SEC and raised new concerns about the protection of court resources. He pointed to an earlier attempt by the Sec to suspend all litigation in this case.The Sec's argument that Judge Torres should have suspended the trial because the SEC was suddenly concerned about the protection of court resources is ridiculous.John Deaton, the lawyer defending XRP, said that those who are not well enough informed about the case may find alderoty's reaction to the sec sharp. For those familiar with this case, the characterization of SEC Alderoti as a hypocrite is just a reflection of the position of the federal judge presiding over this case.Related to the topic: Representative. Tom Emmer is sponsoring an amendment limiting the sec's crypto oversight in the Grayscale case, after federal judges criticized the Sec's claims as arbitrary and cranky. In addition, Ripple chairman Chris Larsen hopes that the Sec's approach to enforcing the rules through legal October may come to an end in the near future.Journal: Regulation of cryptocurrencies - does SEC Chairman Gary Gensler have the last word?