Ripple Lawyer Calls Latest SEC Filing a “Hypocritical Pivot”

Stuart Alderoty pointed out that Gensler requested an urgent appeal although he claimed that crypto regulations and rules were clear and must be respected by the industry.< /p> News Join us on social media

Stuart Alderoty, Ripple's chief legal officer and general counsel in the SEC v. Ripple Labs case, called the U.S. Securities and Exchange Commission's (SEC) latest submission a "contradictory change" and says it has little influence.

Following a recent SEC filing seeking to strengthen its interlocutory appeal, Alderoty posted on X (formerly Twitter) referring to the submission as another example of a “hypocritical pivot.” Alderoty highlighted what he sees as SEC Chairman Gary Gensler's inconsistency, manipulative actions and appetite for expanded regulation.

He pointed out that Gensler had requested an urgent appeal although he claimed that crypto regulations and rules were clear and must be respected by the industry.

“Another SEC filing, another hypocritical pivot…After years of its chairman saying that “the rules are clear and must be followed,” the SEC is now screaming that an appeal is absolutely necessary. urgency to resolve these thorny legal issues. »

Another lawyer, James Filan, took a dig at the SEC, ridiculing its new focus on preserving judicial resources. He pointed to the SEC's previous attempt to stay all proceedings in this matter.

The SEC's argument that Judge Torres should suspend proceedings because the SEC is suddenly concerned about conserving judicial resources is laughable .

Pro-XRP attorney John Deaton said those unfamiliar with the case might find Alderoty's response to the SEC harsh. However, for those familiar with the case, Alderoty's characterization of the SEC as hypocritical is only a reflection of...