Securities and Exchange Commission (SEC), there appears to be no end in sight for the dispute. Recently, Ripple CEO Brad Garlinghouse and the company’s General Counsel, Stuart Alderoty, took to Twitter to blast the SEC for their handling of the case.
Securities and Exchange Commission (SEC), there appears to be no end in sight for the dispute.
Recently, Ripple CEO Brad Garlinghouse and the company’s General Counsel, Stuart Alderoty, took to Twitter to blast the SEC for their handling of the case. In a series of strongly worded tweets, Garlinghouse criticized the SEC’s lack of regulatory clarity, stating that it is hindering innovation and growth within the cryptocurrency industry.
Meanwhile, Alderoty hit back at the SEC’s recent motion to dismiss the case, calling it
“meritless” and stating that the agency has failed to provide any evidence of wrongdoing on Ripple’s part.
Despite the heated rhetoric on both sides, it appears that no settlement has been reached in the lawsuit. The case, which was first filed by the SEC in December 2022, accuses Ripple of conducting an unregistered securities offering through the sale of its XRP cryptocurrency.
The dispute has been closely watched by the cryptocurrency community, with many expressing concerns about the potential impact on the industry as a whole. Some have argued that the SEC’s actions could stifle innovation and investment in the space, while others believe that regulation is necessary to protect investors and ensure a level playing field.
As the legal battle continues, it remains to be seen what the ultimate outcome will be for Ripple, the SEC, and the broader cryptocurrency industry.
I guess you and @s_alderoty hammering the SEC and Gensler in recent tweets means you are not about to sign a settlement agreement, in which case hammer away. https://t.co/PCHMqH32iq
— bill morgan (@Belisarius2020) March 30, 2023
Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows
Quick Summary
Securities and Exchange Commission (SEC), there appears to be no end in sight for the dispute. Recently, Ripple CEO Brad Garlinghouse and the company’s General Counsel, Stuart Alderoty, took to Twitter to blast the SEC for their handling of the case.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
