Investing
Ripple lawyer calls SEC’s latest filing “hypocritical pivot”
© Reuters.
Stuart Alderoty, Ripple’s chief legal officer and general counsel in the SEC vs. Labs case, has characterized the United States Securities and Exchange Commission’s (SEC) latest submission as a “contradictory shift” and contends that it holds little sway.
Following a recent filing by the SEC to reinforce its interlocutory appeal, Alderoty posted on X (formerly Twitter) referring to the submission as another instance of a “hypocritical pivot.“ Alderoty highlighted what he sees as SEC Chair Gary Gensler’s inconsistency, manipulative actions and appetite for expanded regulation.
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