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Ripple Takes On SEC’s ‘Lawless Tactics’ — Top Lawyer Alderoty Reveals
In a recent statement, Stuart Alderoty, the Chief Legal Officer at Ripple, fired back at the Securities and Exchange Commission (SEC) over its actions in the ongoing lawsuit. According to sources, Alderoty expressed concerns over the commission’s “lawless tactics” in relation to the XRP case.
The statement comes as Ripple continues to appeal a court decision that ruled certain prior XRP distributions by the company were securities offerings. The SEC had initially brought charges against Ripple and its executives for allegedly violating federal securities laws, resulting in the Court’s initial ruling.
Alderoty emphasized that the focus should be on the merits of the case rather than attempts to intimidate or manipulate the process through such “lawless tactics.” He further stressed the importance of the case, stating that it is a crucial matter for the crypto industry as a whole.
It remains unclear what specific actions by the SEC Alderoty was referring to. However, this move indicates that Ripple will not back down from the controversy and continues to fight for its rights in the ongoing legal battle.
The ripple effect of this statement has sparked a wave of reactions within the XRP community, with many users calling out for transparency and fairness in the case.
Source: u.today
