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Ripple’s General Counsel Slams SEC’s “Political Power Grab”

Ripple’s General Counsel Slams SEC’s “Political Power Grab”

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Ripple’s Stuart Alderoty has repeatedly criticized the SEC’s efforts to regulate cryptocurrencies

Stuart Alderoty, general counsel of the blockchain company Ripple, presented new criticism to the US Securities and Exchange Commission. recent tweet.

Alderoty accused the SEC of orchestrating a “political coup”.

In a recent speech at an industry conference, SEC Chairman Gary Gensler rejected the idea that cryptocurrencies require special rules.

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Gensler has once again announced that his regulatory agency will continue to apply existing rules to cryptocurrency tokens.

He has also reiterated that the majority of existing cryptocurrencies are securities.

The SEC boss urged cryptocurrency platforms to comply with the rules and register with the agency voluntarily.

Ripple is currently embroiled in a grueling legal battle with the SEC, the outcome of which is widely believed to have huge implications for the cryptocurrency industry.

Source: https://u.today/ripples-general-counsel-slams-secs-political-power-grab



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