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Jafrin Ahmed
Jul 28, 2022

Ripple General Counsel Slams SEC Once Again Over Crypto Regulation

Ripple general counsel
Ripple general counsel Stu Alderoty has slammed the U.S. Securities and Exchange Commission (SEC) once again over its approach toward cryptocurrency regulation.

Ripple General Counsel Takes Aim At SEC Once Again

In the latest drama over the SEC vs Ripple case, Stu Alderoty seems to have taken sides with Former Rep. Todd Tiahrt on SEC's crypto regulation stance.

"Great insight from former Rep. Todd Tiahrt in RealClearPolitics The SEC has manipulated the absence of regulatory clarity of blockchain technology to justify going beyond its authority," Alderoty wrote in a recent RealClearMarkets blog post.

This comes in response to the latest comments from Todd Tiarht who recently stated that:

"The SEC's biggest crypto lawsuit to date, for example, is the non-fraud lawsuit filed in December 2020 against Ripple Labs, noting that it turned out to be a miscalculation by the SEC."

Alderoty specified that the securities regulator is bullying crypto markets by filing unproven allegations masquerading as regulations:

"Rather than provide regulatory clarity through rulemaking, the SEC seeks to bully the market by filing or threatening to file, enforcement cases. Unproven allegations masquerading as regulation is bad policy that hurts consumers and markets who are whipsawed by the whims of an unchecked regulator," he added.

This is not the first time Alderoty has hit back at the SEC over its regulatory stance in the digital assets industry. Back in June, the general counsel of Ripple called out the agency for trying to "bully, bulldoze, and bankrupt" crypto innovation in the U.S. in the name of expanding its own regulatory territory.

Ripple General Counsel Slams SEC Once Again Over Crypto Regulation
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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