General counsel at Ripple has criticized recent move of the SEC in court during Ripple case
As the SEC responded to many amicus briefs submitted recently by various firms in support of Ripple Labs, Ripple’s general counsel, Stuart Alderoty, took to Twitter to protest the regulator’s conduct.
Ripple’s Stuart Alderoty Slams SEC’s Response to Recently Filed Amicus Briefs
The securities commission has filed a move to seek more time for filing reply briefs in response to the numerous amicus briefs filed in behalf of Ripple during the last two weeks. The SEC also requested that any other amicus papers be filed by November 21. According to the SEC filing to Judge Torres, Ripple has consented to this.
A dozen independent voices – companies, developers, exchanges, public interest and trade assoc.’s, retail holders – all filing in SEC v Ripple to explain how dangerously wrong the SEC is. The SEC’s response? We need more time, not to listen or engage, but to blindly bulldoze on. https://t.co/PRgvwI9m2X
— Stuart Alderoty (@s_alderoty) November 3, 2022
Stuart Alderoty rushed to Twitter to criticize the SEC’s decision. He claimed that because “a dozen of independent voices” have come up to defend Ripple and “highlight how terribly rotten the SEC is,” the regulator only needed more time “to blindly bulldoze on it.”
On a podcast in early October, Alderoty stated that if Ripple wins against the SEC, it may be the best chance for the crypto space to get regulatory clarification.
Read more:
- In The Ongoing Ripple Lawsuit, New Dates Have Been Set In Motion
- Ripple Now Has 12 ‘Amici Curiae’ To Help Boost Its Case
- Cryptillian Payment Systems Petitioned Court To File Amicus Brief To Support Ripple In Its Fight Against SEC