Ripple Labs’ chief legal counsel says that the U.S. Securities and Exchange Commission (SEC) is being hypocritical by arguing for an appeal in last month’s landmark XRP court ruling.
In a new thread, attorney Stuart Alderoty says that the regulatory agency’s latest filing for an appeal to resolve “knotty legal problems” is hypocritical given that SEC Chair Gary Gensler has always said that the rules are crystal clear.
“Another SEC filing, another hypocritical pivot…
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After years of its chairman saying the ‘rules are clear and must be obeyed’ the SEC now cries that an appeal is urgently needed to resolve these ‘knotty legal problems.’”
In July, a judge ruled that the automated, open-market sales of the crypto asset XRP, which is associated with
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