Ripple Counsel Slams SEC for Trying to Bulldoze and Bankrupt Crypto

Ripple counsel Stu Alderoty slams SEC for trying to bulldoze and bankrupt crypto. "By bringing enforcement actions–or threats of potential enforcement–the SEC intends to bully, bulldoze, and bankrupt crypto innovation in the U.S., all in the name of impermissibly expanding its own jurisdictional limits." Alderoty shared his views on June 13 amidst an ongoing lawsuit between Ripple and the regulator, which he says is part of the "SEC’s assault on all crypto in the U.S." by treating every cryptocurrency as a security.
Source

Ripple

SEC

Related News
'75% of Ripple’s open roles are now US-based' — CEO Brad Garlinghouse '75% of Ripple’s open roles are now US-based' — CEO Brad Garlinghouse
SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda
Crypto.com sues SEC to ‘protect the future of crypto’ in US Crypto.com sues SEC to ‘protect the future of crypto’ in US
XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’ XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’
Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
Latest News More More
2 Days Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
5 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
July 4 Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open