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Ripple Takes On SEC’s ‘Lawless Tactics’ — Top Lawyer Alderoty Reveals
In a recent statement, Stuart Alderoty, Chief Legal Officer at Ripple, has sparked intense debate within the XRP community by labeling the Securities and Exchange Commission’s (SEC) actions as “lawless tactics.” This bold move is seen as a significant escalation in the ongoing legal battle between Ripple and the SEC.
As reported earlier, the SEC announced its intention to appeal the Court’s decision that certain prior XRP distributions by Ripple were securities. In response, Ripple filed Form C, outlining the issues it intends to bring in its cross-appeal. This move demonstrates Ripple’s commitment to defending itself against what they perceive as unfair treatment.
It is essential to note that the SEC’s appeal is not about whether XRP, in and of itself, is a security. The real issue lies in the alleged securities nature of certain prior distributions by Ripple.
The cryptocurrency community has been abuzz with speculation regarding Ripple’s cryptic message. While it may be premature to draw definitive conclusions, it appears that Ripple is unwilling to back down from its stance and will continue to fight against what they consider unjust practices by the SEC.
The SEC’s actions have sparked significant debate within the crypto space, and it remains to be seen how this situation will unfold in the coming months.
Source: u.today
